Il Sarto Milano Limited

Il Sarto Milano Limited, based in Manchester, UK, is a small holding company with an active status, founded six years ago in May 2018. The company holds £35,109 in assets and operates from a real address at 40-42 Matthews Street, Higher Ardwick. It’s managed by four directors and owned by The Couture Club Ltd. The company regularly imports clothing and accessories made by knitting or crocheting, with 21 months of import activity recorded.

The company’s website showcases a traditional tailoring business, "Il Sarto di Milano," offering bespoke suits and shirts for both men and women. The website emphasizes Italian and English fabrics, skilled craftsmanship, and personalized service. Customers can schedule appointments via WhatsApp or phone, and the business operates from a shop in Milan. The website’s design is quite simple, and it doesn’s offer online sales, but instead focuses on showcasing the tailoring services.

Financially, Il Sarto Milano Limited presents a mixed picture. Current assets have plummeted by a staggering 92%, dropping to £35,000. Net assets have also taken a hit, falling 31000% to -£87,000. Cash reserves have evaporated, decreasing 100% to just £92. Borrowings have increased by 2.5%, reaching £10,000. Creditors have decreased by 29%, suggesting some improvements in debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited financial statements, which do not mention an auditor, rely on director-reported data.

Overall, Il Sarto Milano Limited appears to be facing financial challenges. While the tailoring business seems to maintain a loyal clientele, the sharp decline in equity and cash reserves raises concerns. It’s possible that the company is investing heavily in its operations, but the lack of profitability is a cause for concern.

Registered in England/Wales under the registration number 11340918, with a registered address at M12 5BB, England, Manchester, 40-42 Matthews Street Higher Ardwick.

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