Highstreet Outlet Clothing Limited

Highstreet Outlet Clothing Ltd from Poole UK: small company, active status, founded 11 years ago, 10 employees, virtual address, 2 directors, 2 owners, e-commerce site, google rating 5.0 based on 71 reviews. It’s a small business, operating as a retail outlet selling branded clothing online. The company, registered in 2013, employs five people and operates from a virtual address, meaning many companies share the same location. Two directors and two owners manage the business, and it has a strong online presence with a perfect 5.0 Google rating.

The company’s website, Highstreet Outlet UK, showcases a wide range of clothing for men and women, with a focus on discounted, branded items. The site is well-organized, featuring easy-to-use navigation, size guides, and a variety of filtering options. It offers a mix of sale items, new arrivals, and seasonal collections, catering to a broad range of styles and budgets. There’s also a section dedicated to accessories, including jewellery, scarves, and bags. The site frequently promotes special offers, such as “buy one get one half price” deals and multi-buy discounts, incentivizing customers to purchase multiple items.

Financially, Highstreet Outlet Clothing Ltd shows some concerning trends. While turnover increased by 22% to £1,070,000, net assets decreased by 13% to £45,000. Bank borrowings increased by 100% to £10,000, and cash reserves fell 27% to £57,000. Creditors also increased by 23%, suggesting the company is relying more on short-term financing. The increase in turnover is positive, but the decline in net assets and the rise in debt are warning signs. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, meaning it's exempt from a full audit. It’s a bit worrying, though, that the company has increased its debt.

Overall, Highstreet Outlet Clothing Ltd appears to be a popular online retailer with a strong Google rating, but its financial performance suggests it may be facing some challenges. The company’s success will likely depend on its ability to manage its debt and maintain its sales momentum.

Registered in England/Wales under the registration number 08622009, with a registered address at BH15 2PW, United Kingdom, Poole, Dorset, Towngate House, 2-8 Parkstone Road.

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