House Of Denim Ltd

House of Denim Foundation, based in Amsterdam, is a small, not-for-profit organization with an active status, founded five years ago. It employs just one person and holds £27,630 in assets, operating from a virtual address shared by 715 other companies. Led by a single director and owner, Yigit Omer Oguz, it maintains a stellar 5.0 Google rating based on two reviews. The foundation's mission is to promote a brighter future for denim through various initiatives.

The foundation’s website details a wide range of programs, including denim courses, a jean school, a talent incubator, and a solidarity project. It also hosts events like Denim Days and the Global Denim Awards, showcasing its commitment to the denim industry. It's clear that House of Denim Foundation is more than just a business; it’s a hub for education, innovation, and collaboration within the denim world.

Financially, the foundation’s picture is complex. Cash reserves have increased dramatically by 470% to £2,500, which is good news. However, creditors have also risen significantly, with short-term creditors increasing by 2,000% to £26,000, and taxation and social security payable surging 690% to £3,800. Trade debtors have also increased substantially, rising by 1,500% to £24,000. Equity, however, has improved, moving from a negative £22 to a positive £54. While the foundation’s small size (meeting two of three criteria for a small company) allows for flexibility, the increase in liabilities suggests it’s burning through cash. The accounts are unaudited and described as “filleted,” relying on director-reported data.

Overall, House of Denim Foundation appears to be a dynamic organization with a clear mission, but it's facing financial pressures. The substantial increase in liabilities suggests it may need to carefully manage its cash flow to ensure its long-term sustainability.

Registered in England/Wales under the registration number 12284047, with a registered address at N15 5EA, England, London, 151 West Green Road.

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