Good Fabric Ltd

Good Fabric Ltd is a small, active company based in London, UK, founded four years ago in May 2020. It’s a private limited company with a real registered address at 21 Whitelands Crescent, SW18 5QY, and operates an e-commerce site. The company employs just one person and holds £15,904 in assets. It’s run by a single director and owner, Karbanova Polina. The business specializes in the retail sale of textiles through specialized stores, mail order, and the internet.

The company's website, while not detailed, suggests a focus on fabric sales, likely catering to a niche market. The lack of extensive online presence could mean a reliance on wholesale or direct sales channels, or simply a minimalist approach to digital marketing. It's a small operation, meeting two of three criteria to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Good Fabric Ltd shows a mixed picture. Accumulated depreciation has increased by 65%, indicating investment in fixed assets, but cash bank on hand has fallen significantly by 66%. Creditors have decreased slightly by 4.8%, which is a good sign, but finished goods have increased by 48%, which could be due to increased sales or inventory buildup. Net assets have improved, decreasing from a loss of £8,300 to a loss of £4,200. It’s a small company, and the lack of an auditor mentioned likely means the accounts are unaudited.

The company’s financial trends suggest it’s navigating early-stage challenges. While the increase in finished goods could be a positive sign of growing demand, the decrease in cash reserves warrants attention. It seems like the company is reinvesting in its business, but it needs to carefully manage its cash flow to avoid burning through money too quickly.

Registered in England/Wales under the registration number 12634891, with a registered address at SW18 5QY, England, London, 21 Whitelands Crescent.

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