Golden Square Attire Limited

Golden Square Attire Ltd is a small, holding company based in London, UK, with an active status. Established fifty years ago in 1974, the company employs thirty-eight people and holds assets valued at £220,336. It operates from a virtual address, a point of concern given that 356 companies are registered at the same location. The business is overseen by two directors and one owner, though the owner list isn't exhaustive. Golden Square Attire Ltd regularly imports wool and animal hair products, with the most recent import activity recorded three months ago in December 2022.

The company’s core business revolves around the manufacture of other men's outerwear, operating as a holding company. It owns Carl Stuart Tailors Limited and, according to its website, it's a manufacturer of bespoke tailoring and ready-to-wear suits. It appears to be a relatively small operation, meeting two of the three criteria for being considered small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees).

Financially, Golden Square Attire Ltd shows some concerning trends. Current assets have decreased by 13% to £220,000, while net assets have plummeted 34% to -£880,000. Bank borrowings have completely vanished, a positive sign, but cash reserves have fallen by a significant 91% to just £310. Trade debtors have increased dramatically, by 260%, reaching £140,000, which could indicate difficulties in collecting payments. Creditors have also risen, by 7.9%, to £1.2 million. The company’s equity is in negative territory, and it’s showing a loss.

The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, meaning the financial statements are unaudited. While the company’s long history and holding company status suggest stability, the recent financial performance raises questions about its long-term viability. It's a business that seems to be struggling to maintain a positive financial trajectory, despite its established presence in the men's outerwear industry.

Registered in England/Wales under the registration number 01173968, with a registered address at W1T 4RN, United Kingdom, London, 1st Floor Arthur Stanley House, 40-50 Tottenham Street.

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