Italmoda Ltd

Italmoda Ltd is a small, active company founded 26 years ago, with a registered address in London. Despite its longevity, the company is currently facing challenges, with accounts overdue for four months. Employing just two people and holding assets of £2,939, it’s a family-run business with two directors and owners. Italmoda Ltd regularly imports clothing and accessories, not knitted or crocheted, with its last import operation recorded five months ago.

The company operates in the wholesale of clothing and footwear, acting as agents involved in the sale of textiles, clothing, fur, footwear, and leather goods. Its website is not particularly prominent, suggesting a business-to-business model rather than direct consumer sales. It’s likely that the company operates through established channels, supplying retailers or wholesalers rather than maintaining a visible online presence.

Financially, Italmoda Ltd presents a mixed picture. While cash bank on hand increased by a substantial 100% to £2,900, current assets also rose by 63% to £2,900. However, net current assets and liabilities worsened, increasing by 2.1% to -£38,000. Bank borrowings decreased by 14% to £17,000, and creditors increased by 4.9% to £41,000. The company’s small size—meeting two of three conditions for a small company—helps it remain agile, but the negative equity and rising creditors are concerning. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The significant decrease in trade debtors, falling to zero, is a notable trend. This could indicate improved payment collection or a shift in business practices, but it’s also worth investigating further to ensure it’s not a sign of reduced sales. The company’s accumulated depreciation impairment property plant equipment has increased by 7.4%, 0.27%, 0.049% and 5.9% respectively, which could be a result of increased asset value.

In conclusion, Italmoda Ltd is a long-standing business facing financial pressures. While it maintains a core import business, its equity position and rising debts suggest it’s burning through money. Whether the company can navigate these challenges and sustain its operations remains to be seen.

Registered in England/Wales under the registration number 03599889, with a registered address at NW11 7RJ, 5 North End Road, London.

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