Il Folpetto Ltd

Il Folpetto Ltd, based in Southend-on-Sea, UK, is a small, active company founded eight years ago in 2016. With a single employee and £15,767 in assets, it operates from a virtual address shared by fifteen other companies, and is led by a solo founder and director, Brugnoli Camilla. The company runs an e-commerce site specializing in the retail sale of clothing in specialised stores. It regularly imports clothing and accessories, not knitted or crocheted, with nine months of import activity recorded, and has dabbled in exporting similar items for just one month.

The company’s website, Folpetto Kids, focuses on UV protection swimwear for children, offering a range of rashguards, swim shorts, dresses, and surf suits. It caters to European orders, noting potential custom duties for imports. The site highlights collections like "New Spring Summer 2024" and "Classics," showcasing brands like Rashguard Spencer and Coco One Piece Swimsuit. It emphasizes recycled fabrics, Made in Italy production, and easy care—appealing to eco-conscious parents.

Financially, Il Folpetto Ltd is facing some challenges. Cash reserves have plummeted by 87%, dropping to just £7,900, while current assets have also decreased significantly by 82% to £16,000. Creditors remain steady at £140,000, but the substantial equity decline of 140% to -£130,000 is a cause for concern. Bank borrowings have also decreased, but the overall picture suggests a company burning through cash. The company meets two of three criteria to be considered small, with turnover under £10.2m and assets under £5.1m, but the significant losses and dwindling cash reserves are worrying. The unaudited financial statements, prepared by Goldwyns Limited, don't mention an auditor, which is typical for small, exempt companies.

Registered in England/Wales under the registration number 10436306, with a registered address at SS2 6HZ, England, Southend On Sea, Essex, Rutland House, 90-92 Baxter Avenue.

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