Goodhood Store Limited

Goodhood Store Ltd, a small holding company based in London, UK, has been active for 15 years, employing 44 people. The company, with two directors and one owner, regularly imports and exports clothing and accessories (excluding knitted or crocheted items), with 485 months of import activity and 26 months of export activity.

The company operates within the retail sale of clothing in specialised stores, and its website showcases a diverse range of products, from menswear and womenswear to lifestyle goods and face/body care. Goodhood’s online store features brands like Aries, Adidas, and Studio Nicholson, alongside its own curated selection of items. The website is clearly geared towards e-commerce, with a user-friendly interface and detailed product descriptions.

Financially, Goodhood Store Ltd’s situation presents a mixed picture. While the company’s net assets decreased by 160% to -£1.7 million, indicating a significant drain on equity, bank borrowings increased by 360% to £150,000. Cash reserves have also dwindled, falling by 93% to just £20,000. On a brighter note, accrued liabilities have increased significantly, suggesting a possible strategy of managing short-term obligations. Creditors have also decreased by 4.2%, indicating better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) allows for flexibility, but the substantial equity decline warrants attention. The company is exempt from an audit as a small company, so the figures are unaudited.

The increase in bank borrowings, combined with the decrease in cash reserves, suggests Goodhood Store Ltd may be burning through cash to maintain operations. However, the decrease in creditors suggests an attempt to control costs. The company’s focus on a curated selection of brands and a strong online presence positions it well in the competitive fashion retail market, but the financial challenges will need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 07228466, with a registered address at E1W 9US, United Kingdom, London, 2 Leman Street.

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