Lazy Oaf Limited

Lazy Oaf Ltd from London UK: small company, active status, founded 23 years ago, 41 employees, £784,487 assets, real address, 3 directors, 1 owner, solo founder, e-commerce site. Regular importer of clothing and accessories, not knitted or crocheted (707 months imported). Regular exporter of clothing and accessories, not knitted or crocheted (176 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of clothing and footwear, the retail sale of clothing in specialised stores, the retail sale via mail order houses or via internet, the retail sale of footwear in specialised stores industries.

Lazy Oaf’s website is a vibrant e-commerce platform showcasing its unique streetwear and independent fashion. The site is clearly designed to drive sales, with bold imagery, easy navigation, and a range of payment options including Klarna and PayPal. It offers free UK delivery over £110 and free USA delivery over £150, incentivising larger purchases. The site also prominently features student discounts and a loyalty program, encouraging repeat business. It’s a modern, well-optimized online store, reflecting the brand’s playful and irreverent style.

Financially, Lazy Oaf Ltd’s recent performance shows some concerning trends. While the company holds £784,487 in assets, its net assets have decreased by 33%, now sitting at £400,000. Cash reserves have also fallen by 31%, dropping to £360,000. Trade debtors have seen a significant decrease of 50%, which could be a good sign of improved collections, but it also means less revenue coming in. The number of employees has also decreased by 39%, from 41 to 25, which could be a cost-saving measure, but it might also impact operations. The company’s creditors have also decreased by 42%, which is a positive sign. It's worth noting that the company is exempt from an audit as a small entity, so the financials are unaudited.

Overall, Lazy Oaf Ltd appears to be navigating a period of adjustment. While the e-commerce platform is thriving and the brand maintains a loyal following, the financial data suggests a need for careful management and potentially some cost-cutting measures. The company’s solo founder, Shiel Gemma Louise, and three directors will need to steer the ship through these challenges to ensure long-term success.

Registered in England/Wales under the registration number 04412845, with a registered address at N1 7BJ, England, London, Unit 6 New North House Canonbury Business Centre, 190a New North Road.

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