Italy Direct Ltd

Italy Direct Ltd, based in Camberley, UK, is a small, active company founded eleven years ago. With two employees and £868,364 in assets, it operates as a solo-founder venture from a virtual address shared by twenty-five other companies. The company has one director and one owner, Cimmino Salvatore, who also serves as the director. It runs an e-commerce site and regularly imports cereal and milk-based food products, with the last import operation occurring in January 2023.

The website showcases a wide range of men's and women's clothing, from suits and dresses to accessories and shoes. It appears to be a well-established online retailer, offering various styles and sizes. The site also features a newsletter sign-up and links to social media platforms, indicating a focus on customer engagement. It's clear the business is aiming to provide a comprehensive online shopping experience for formal wear and accessories.

Financially, Italy Direct Ltd has experienced some challenges. Current assets have decreased by 27% to £870,000, and net assets have fallen by 4.2% to £880,000. Bank borrowings have increased by 100%, reaching £11,000, and cash reserves have declined by 25% to £820,000. Creditors have also decreased by 36%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

While the company is still operating, the decrease in assets and cash reserves could indicate a need for careful financial management. The decrease in cash is a bit concerning, but the reduction in creditors is a positive sign. It's possible the company is experiencing typical startup turbulence, or perhaps the import business has faced some recent disruptions.

Registered in England/Wales under the registration number 08818661, with a registered address at GU15 3SY, England, Camberley, Surrey, Knoll House, Knoll Road.

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