Labrum London Ltd
- Small
- Active
- 8 years
- 1 employee
- £24,487 (assets)
- Virtual address
- 1 director
- 1 owner
- Regular importer
- Regular exporter
- Solo founder
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Labrum London Ltd is a small, active company based in London, UK, founded eight years ago in 2016. With just one employee and £76,414 in assets, it’s a solo-founded operation led by a single director and owner, Dumbuya Foday. The company operates from a virtual address, shared by many other businesses, which raises some questions. It’s a regular importer of man-made filaments and related materials, with 10 months of import activity recorded, and a regular exporter of clothing and accessories, not knitted or crocheted, with 17 months of export activity. The company describes itself as operating in the manufacture of other men's outerwear industries.
The company’s website, labrumlondon.com, is a vibrant showcase of its collections and collaborations. It’s clearly an e-commerce business, with a focus on unique designs and partnerships, including Adidas and Tupac. The site features collections like Labrum Athletic, suiting, and bespoke tailoring, alongside a journal and people of Labrum section, highlighting the brand's British-African heritage. The website also prominently displays collaborations and collections, with a focus on visually appealing content and a clear call to action for customers to shop.
Financially, Labrum London Ltd shows a mixed picture. Cash bank on hand increased dramatically, rising by 6,900% to £76,000, which is a very positive sign. However, net assets liabilities also improved, rising by 110% to £1900. Creditors decreased by 94%, which is good, but trade debtors completely disappeared. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the fluctuations in equity and the lack of debtors suggest potential cash flow challenges. There’s no auditor mentioned, which is typical for small companies, and the financial statements are abridged and unaudited.
In short, Labrum London Ltd is showing signs of growth, but also facing financial pressures. The company’s focus on unique designs and collaborations seems to be driving sales, but managing cash flow and maintaining a healthy balance sheet will be crucial for its long-term success.
Registered in England/Wales under the registration number 10395001, with a registered address at EC1V 2NZ, England, London, 320 City Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 8 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 4 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Unaudited abridged accounts made up to 2024-09-30Download 5 pages pdf report
-
Compulsory strike-off action has been discontinuedDownload 1 page pdf report
-
First Gazette notice for compulsory strike-offDownload 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Labrum London Ltd
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