Larache Limited

Larache Ltd from London UK: a small holding company with an active status, was founded eight years ago. It employs six people and holds £628,673 in assets, operating from a real address. With one director and one owner, the company regularly imports clothing and accessories made by knitting or crocheting (9 months imported) and exports art and antiques (11 months exported).

The company’s website, Larache Shop, showcases a unique retail experience centered around the artistic creations of Hassan Hajjaj. It’s a vibrant, eclectic shop offering clothing, accessories, homeware, and design objects, all reflecting a North African-inspired aesthetic. The website emphasizes a “souk to gallery” vibe, blending traditional craftsmanship with contemporary design. It’s clearly an e-commerce operation, with a focus on visual appeal and a curated selection of goods.

Financially, Larache Ltd presents a mixed picture. Current assets increased by a modest 3.8% to £630,000, but net assets grew by only 5%, reaching £550,000. Cash reserves remained relatively stable at £530,000. However, trade debtors surged by an astonishing 1900%, suggesting potential issues with customer payments or an aggressive credit policy. Creditors also increased, by 280%, to £2900. Staff costs decreased significantly, by 24%, which could indicate cost-cutting measures or a reliance on external contractors. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

While the company’s artistic focus and online presence suggest a thriving business, the sharp increase in trade debtors warrants closer attention. It’s possible that the company is experiencing growing pains as it expands its operations, but managing cash flow will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 10409875, with a registered address at N3 1LF, United Kingdom, London, England And Wales, Aston House, Cornwall Avenue.

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