Golden Empire (international) Limited

Golden Empire International Ltd, based in Leicester, UK, is a small, active company founded eighteen years ago. With two employees and £353,316 in assets, it operates from a virtual address, a common characteristic for smaller businesses. The company is led by a single director and owner, who also serves as the solo founder. It's a regular importer of clothing and accessories, excluding knitted or crocheted items, with 23 months of import activity recorded, the last operation occurring in June 2021.

The company’s website highlights a multiproduct manufacturing business partnering with British brands. Factories are located in Jiangsu and Shanghai, and services include design, sales support, and product development. It boasts a showroom in London and a dedicated office in London, suggesting a more extensive operation than its small size might imply. The website also mentions a "Knitwear Factory," which could be a source of confusion given the company's exclusion of knitted goods in its imports.

Financially, Golden Empire International Ltd presents a mixed picture. Cash reserves have seen a significant boost, increasing by 130% to £280,000—a positive sign of improved liquidity. However, trade debtors have decreased dramatically, falling by 67% to £76,000, which could indicate difficulties in collecting payments. Creditors have also decreased by 19%, suggesting better debt management. The company meets two of the three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and its net current assets have increased by 3.8% to £300,000. With no auditor mentioned, the financial statements are unaudited.

Overall, Golden Empire International Ltd seems to be navigating a period of change. The increase in cash reserves is encouraging, but the decline in trade debtors warrants attention. The company’s ability to maintain its partnerships with British brands and adapt to market demands will be crucial for its long-term success.

Registered in England/Wales under the registration number 06030027, with a registered address at LE1 7RU, England, Leicester, Leicestershire, Granville Hall, Granville Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.