Kit Lifestyle Limited

Kit Lifestyle Limited, based in Broadstairs, UK, is a small, holding company with an active status. Founded eight years ago in 2016, it employs just two people and holds £94,575 in assets. The company operates an e-commerce site and is a regular importer, though somewhat irregular, of clothing and accessories made by knitting or crocheting, with the last import recorded one month ago. It’s a real address, with two directors and one owner.

The company’s website showcases a diverse range of products, from Scandinavian clothing and homeware to gifts and accessories. It operates two physical stores in Broadstairs—Kit on Charlotte Street and Little Kit on Eldon Place—and also has an online presence. The website highlights brands like Anerkjendt, Roka London, and Skandinavisk, emphasizing quality and style. It also features a separate venture, memento, selling unique artwork and gifts.

Financially, Kit Lifestyle Limited presents a mixed picture. Cash bank on hand increased significantly by 92%, reaching £45,000, which is good news. However, creditors rose by 15% to £93,000, and debtors increased dramatically by 180% to £10,000, suggesting a potential issue with collecting payments. Equity, however, saw a massive jump, increasing by 610% to £16,000, which is a positive trend. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. Depreciation charges for plant and machinery remained constant at £8,900. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Kit Lifestyle Limited appears to be navigating a period of change. While the increase in cash and equity is encouraging, the rise in debtors warrants attention. The company’s diverse product range and multiple retail channels suggest a commitment to growth, but financial management will be key to its long-term success.

Registered in England/Wales under the registration number 10216630, with a registered address at CT10 1TY, England, Broadstairs, Kent, Harbour Rise, Pier Approach.

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