Klements Ltd

Klements Ltd, a small, active company based in London, UK, was founded twelve years ago in 1992. With a single employee and £37,563 in assets, it’s a compact operation managed by one director and owner. The company operates from a real address and is involved in both importing and exporting clothing and accessories – though not knitted or crocheted – with irregular import activity (one month) and regular export activity (eleven months).

Klements Ltd's website showcases a luxury womenswear brand focused on printed dresses, scarves, and interiors, with a strong emphasis on ethical sourcing and unique designs. The site features a range of collections, including collaborations with artists and designers, and highlights a commitment to sustainable practices. It appears to be primarily an e-commerce business, with a focus on direct-to-consumer sales.

Financially, Klements Ltd presents a mixed picture. Cash reserves have dramatically decreased, falling 99% to a mere £300. Bank borrowings have increased by 28%, reaching £33,000, and current assets have declined by a significant 52% to £38,000. While creditors have also decreased by 23%, suggesting improved debt management, the substantial drop in cash and assets is concerning. The company meets the criteria to be classified as small, with turnover under £10.2m, assets under £5.1m, and only one employee. No auditor is mentioned, likely due to its small size and exemption from an audit.

The company’s equity has taken a significant hit, decreasing by 570% to -£28,000. This suggests the business may be burning through cash to fund operations or investments, and it’s important to monitor its financial trajectory closely. Despite these challenges, the brand’s strong online presence and focus on ethical and luxury goods could provide a foundation for future growth, but it’s clear the business needs to address its cash flow situation.

Registered in England/Wales under the registration number 08147736, with a registered address at N6 6PH, England, London, Institution Cottage, Swains Lane.

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