Kalas Wear Ltd

Kalas Wear Ltd from Witney UK: small company, active status, founded 11 years ago, 6 employees, £510,437 assets, virtual address, 4 directors, 4 owners, e-commerce site, google rating 5.0 based on 7 reviews. Regular importer of clothing and accessories made by knitting or crocheting (156 months imported). Regular exporter of clothing and accessories made by knitting or crocheting (29 months exported).

Kalas Wear Ltd operates as a small, active company in Witney, UK, with a strong online presence and a focus on cycling apparel. Founded eleven years ago, the business employs six people and holds £510,437 in assets. Its registered address is a virtual one, shared by seventy-five other companies, which is a little unusual. The company is owned and directed by four individuals each, and boasts a perfect 5.0 Google rating based on seven reviews. It’s a regular importer and exporter of clothing and accessories made by knitting or crocheting, with a long history of both activities.

The company’s website, Kalas, caters to cyclists with a wide range of apparel, from jerseys and shorts to base layers and accessories. It offers custom design services and even has a dedicated section for team replica’s and special editions. The website’s design is clean and modern, emphasizing quality materials and performance-driven features. The company also has a blog with customer stories and product reviews, reinforcing its commitment to customer engagement.

Financially, Kalas Wear Ltd shows some concerning trends. Current assets have fallen by 5.9% to £510,000, and trade debtors have plummeted by a staggering 86%, suggesting potential issues with customer payments. Cash reserves, however, have increased by a significant 98% to £460,000, which is a positive sign. Bank borrowings have also increased, and creditors are up 19%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned in the report, likely due to its small size, means the figures are unaudited.

While the company's online presence and product range are impressive, the financial data suggests it's facing some challenges. The sharp decline in trade debtors is a particular cause for concern, and it’s unclear whether this is a temporary blip or a longer-term issue. It seems like the company is doing well to keep cash reserves high, but the debt situation needs to be addressed.

Registered in England/Wales under the registration number 08697266, with a registered address at OX28 4BE, England, Witney, First Floor 1 Des Roches Square, Witan Way.

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