Legwear International Ltd

Legwear International Ltd from Alfreton, UK, is a small, family-run business with an active status, established 28 years ago. Employing 21 people and boasting assets of £1,292,372, the company operates from a real address and is managed by five directors and two owners. It's a regular importer and exporter of clothing and accessories made by knitting or crocheting, with 412 months of import activity and 45 months of export activity recorded.

The company's website showcases a wide range of hosiery and dancewear, primarily sold wholesale to retailers. It’s not an e-commerce site for direct consumer sales; instead, it caters to trade customers through its website and catalogue. The site is well-organized, with clear product categories and brand listings, and emphasizes competitive pricing and excellent stock availability. The company also highlights its dancewear division, which caters to the dance and performance industries.

Financially, Legwear International Ltd presents a mixed picture. While fixed assets remained relatively stable, current assets declined by 22% to £1,300,000. Net assets increased by 10% to £1,400,000, but bank borrowings decreased by 18% to £620,000. Cash reserves dropped significantly by 60% to £110,000. Interestingly, creditors decreased by 20%, and trade debtors increased by 11%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 40 employees) allows it to remain flexible. The rise in corporation tax payable, up a staggering 3000%, is a concerning development, though. With no auditor mentioned, the figures are unaudited.

Overall, Legwear International Ltd appears to be navigating a challenging economic climate. The decrease in cash reserves and the increase in corporation tax payable suggest potential financial pressures, but the decrease in creditors and the increase in trade debtors may indicate improved debt management. The company’s focus on wholesale and its established presence in the hosiery and dancewear markets provide a solid foundation for future growth, though.

Registered in England/Wales under the registration number 03319018, with a registered address at DE55 4QT, England, Alfreton, Derbyshire, Number 10 Grange Close, Clover Nook Industrial Estate.

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