Impress Clothing Limited

Impress Clothing Ltd, based in Leicester, UK, is a small, active company established 25 years ago in 1999. With 30 employees and £411,184 in assets, it’s a family-run business with two directors and a single owner, Patel Inayat. The company enjoys a perfect 5.0 Google rating based on two reviews, reflecting a positive customer experience. It regularly imports clothing and accessories made by knitting or crocheting, with a history of 56 months of import activity.

The company operates in the manufacture of other wearing apparel and accessories n.e.c., likely supplying retailers or wholesalers. While no website is listed in the report, the business's presence on Companies House suggests an established operation. The address is probably real as only four companies registered at the same address.

Financially, Impress Clothing Ltd presents a mixed picture. Current assets have declined by 24% to £410,000, while net assets have fallen by a significant 300% to -£97,000. Cash bank on hand has plummeted 80% to just £3,900. Trade debtors have decreased by 83%, which could be a positive sign of improved collections, but the large equity drop is concerning. Bank borrowings have increased by 82%, suggesting the company is relying on debt financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity raises questions about its long-term financial health. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

The company’s reliance on imports, combined with the recent financial challenges, suggests it’s navigating a competitive market. Whether it can sustain its operations and maintain its positive customer reviews remains to be seen.

Registered in England/Wales under the registration number 03819154, with a registered address at LE5 3RR, England, Leicester, 28 Prospect Road.

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