Ladies Girdle Ltd

Ladies Girdle Ltd, based in London, UK, is a small, active company founded ten years ago in 2014. With two employees and £28,844 in assets, it’s a solo-founded operation managed by one director and owner. The company operates in the retail sale of clothing in specialised stores, and has a real registered address at 28 Atlantic Road, Brixton. It’s an irregular importer of clothing and accessories, not knitted or crocheted, with just one month of import activity recorded as of November 2020.

The company’s website is minimal, offering little beyond basic contact information and a brief description of its services. There’s no visible e-commerce functionality, suggesting a business-to-business model or a reliance on wholesale partnerships. It doesn’t appear to be actively selling online.

Financially, Ladies Girdle Ltd presents a mixed picture. Cash bank on hand increased by a significant 67%, reaching £16,000, which is good news. However, net assets decreased by 270%, landing at £1,800, a notable drop. Creditors also rose by 88%, reaching £17,000, while bank borrowings decreased by 27%, settling at £10,000. Profit and loss remained steady at £2,800. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). There is no auditor mentioned, likely due to exemption as a small company.

Overall, Ladies Girdle Ltd seems to be navigating a period of change. The increase in cash reserves is positive, but the decrease in net assets and rise in creditors suggest the company is burning through money. The lack of an active online presence and the minimal website indicate a focus on wholesale or business-to-business relationships. It’s possible the company is reinvesting in its business, but the financial data suggests a need for careful management to avoid long-term issues.

Registered in England/Wales under the registration number 09309430, with a registered address at SW9 8JA, London, 28 Atlantic Road, Brixton.

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