Island Clothing Limited

Island Clothing Limited is a small, active company based in London, UK, established 31 years ago in 30 June 1993. With £1,438,523 in assets and a real registered address, it’s a business with a long history. The company employs eight people and is led by three directors and a single owner, Nemorin Louis Andre Gilbert, who also acts as a solo founder. Island Clothing regularly imports clothing and accessories made by knitting or crocheting, with 509 months of import activity recorded, the last in November 2022.

The company operates in the wholesale of clothing and footwear industries, sourcing garments from India and supplying retailers and fashion brands in the UK and overseas. Its website highlights a focus on supporting clothing buyers with offshore sourcing, particularly in India, and caters to the middle to upper-middle sector of the clothing market. The company has built strong links with its customers, some of whom it has been supplying for over 25 years. It has a head office in Leicester, UK, and an offshore production office in Tirupur, India.

Financially, Island Clothing Limited presents a mixed picture. While current assets increased by 7.7% to £1,400,000, equity decreased by 2.9% to £930,000. Bank borrowings are not mentioned, but creditors increased by 28% to £530,000, suggesting increased reliance on credit. Trade debtors increased by 36% to £360,000, which could indicate delayed customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in equity raises some concerns. The company is exempt from an audit as a small company, so the figures rely on unaudited director-reported data.

Despite these financial pressures, Island Clothing’s long-standing relationships with customers and its established presence in India suggest a resilient business model. The company’s focus on sourcing and its commitment to customer service could help it navigate the challenges ahead, although the recent decrease in equity warrants close monitoring.

Registered in England/Wales under the registration number 02832083, with a registered address at EC1 1NA, 381/383 City Road, London, C/O Higgisons, Higgison House.

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