Kitri Limited

Kitri Ltd from London UK: a small, active company founded nine years ago, employs ten people, and holds £995,393 in assets. It’s a family business with two directors and three owners, operating from a real address. The company regularly imports and exports clothing and accessories, excluding knitted or crocheted items, with 496 months of import activity and 94 months of export activity.

Kitri Ltd is a contemporary women's fashion brand with a strong online presence. Its website showcases a curated collection of dresses, tops, bottoms, and outerwear, categorized by collection (Spring, Resort, Autumn Winter, Summer) and edit (Wedding Guest, Workwear). The site emphasizes responsible fashion, offering free UK shipping over £90 and a 10% discount for new subscribers. It’s clear that Kitri is targeting a fashion-conscious customer who values both style and ethical sourcing. The website is a well-designed e-commerce platform, suggesting a significant investment in its online retail operation.

Financially, Kitri Ltd presents a mixed picture. While current assets remain steady at £1,000,000, net assets have significantly decreased by 77%, landing at -£1,200,000. Bank overdrafts have remained constant at £21,000, and creditors have increased by a substantial 60%, reaching £1,500,000. Trade debtors have seen a slight increase of 33%, and cash reserves have fallen by a concerning 54%, dropping to £180,000. The company’s small size (meeting two of three conditions for being a small company) helps it remain agile, but the substantial equity decline is a cause for concern. The company’s auditor is not mentioned, likely due to its small size and exemption from mandatory audits.

The company’s increased reliance on credit and the decrease in cash reserves suggest it may be burning through money faster than it’s generating revenue. It’s possible that increased marketing efforts or inventory purchases have contributed to this trend. However, the continued import and export activity indicates a healthy demand for its products. It’s worth noting that the company’s reliance on external funding—as evidenced by the increased bank borrowings—could pose a risk if sales don't improve.

Registered in England/Wales under the registration number 10051745, with a registered address at E8 4QN, England, London, 34a Regent Studios, 8 Andrews Road.

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