Leather Republic Ltd

Leather Republic Ltd, based in London, UK, is a small, active company founded nine years ago. With a single employee and £15,533 in assets, it operates from a virtual address—a point of interest as sixty-two companies share the same location. The company is led by a solo founder and director, Aksoy Baris, and runs an e-commerce site specializing in premium leather jackets. It regularly imports clothing and accessories, not knitted or crocheted, with the most recent activity four months ago.

The Leather Republic website showcases a range of leather jackets, offering both ready-to-wear options and a bespoke service where customers can design their own. The site highlights a commitment to quality, featuring handcrafted designs and a focus on British craftsmanship. Reviews are overwhelmingly positive, with customers praising the quality, fit, and personalized service. The company also operates a stall at Spitalfields Market, further emphasizing its connection to London’s vibrant retail scene.

Financially, Leather Republic Ltd presents a mixed picture. While the company is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), its financial data suggests a company potentially struggling to maintain a healthy balance. Cash bank on hand remained steady at £7,300, but net assets are a mere £200. Creditors are at £7,300 and £10,000, which is a lot considering the small asset base. The company’s lack of depreciation on its plant and machinery could be a sign of a very young business, or it could indicate a need to account for these costs. With no auditor mentioned—likely exempt as a small company—the figures rely on unaudited statements.

In conclusion, Leather Republic Ltd appears to be a small, passionate business with a strong online presence and positive customer feedback. However, its financial data suggests a need for careful management and a focus on profitability to ensure long-term sustainability.

Registered in England/Wales under the registration number 09974711, with a registered address at N17 9QU, England, London, C/O Grand Consultancy, 60 Millmead Business Center, Millmead Road.

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