Image Apparel Ltd

Image Apparel Ltd, based in Mansfield, UK, is a small, active company established eleven years ago. With nine employees and £21,567 in assets, it operates as a regular importer of clothing and accessories made by knitting or crocheting, having imported for seven months. The company has four directors and one owner, with the ownership list having been updated recently, which is a positive sign.

The company's website reveals a fascinating history. Originally founded as Image Socks Ltd in 2013, it began as a bespoke sock design and manufacturing service for a parent company in Turkey. Now, it offers a wide range of services, including manufacturing 7 million pairs of socks and tights monthly, and catering to supermarkets, boutiques, etailers, and charities. A key element is its partnership with a factory in Turkey, supported by a shared Enterprise Resource Planning (ERP) system. The company emphasizes quality control, sustainable materials (Organic Cotton, FAIRTRADE), and REACH compliance.

Financially, Image Apparel Ltd presents a mixed picture. While net assets increased by 39% to £63,000, current assets dropped by 58% to £22,000. Bank borrowings decreased significantly, falling 79% to £20,000, and cash reserves also decreased by 21% to £14,000. Debtors have fallen dramatically, down 94% to a mere £1,400, which could indicate a focus on collecting outstanding payments. The company's small size—meeting two of three criteria for a small company—allows for agility, but the decrease in current assets warrants further investigation. The accounts are unaudited, as is typical for small companies, and no auditor is listed.

Registered in England/Wales under the registration number 08624115, with a registered address at NG18 1JN, England, Mansfield, 10-10a Market Place Queen Street.

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