Lia & Olive Luxury Wear Ltd

Lia & Olive Luxury Wear Ltd, based in Perth, UK, is a small, family business with an active status, established seven years ago. The company employs thirteen people and holds £404,604 in assets. It has two directors and two owners, and boasts a perfect 5.0 Google rating based on two reviews. Regular imports of clothing and accessories, excluding knitted or crocheted items, have been recorded for thirteen months.

The company’s website reveals a different focus: Lia & Olive Beauty Treatments, a salon offering massage, facials, and other beauty services in Perthshire. The website emphasizes luxurious treatments and a welcoming atmosphere, suggesting a shift in business focus or a diversification of offerings. Skip to content 01738 450420.

Financially, Lia & Olive Luxury Wear Ltd presents a mixed picture. Current assets have decreased by 18%, dropping to £400,000, while net assets have plummeted 87%, reaching -£620,000. Bank borrowings have increased significantly, rising by 640%, to £110,000, and cash reserves have increased by 200%, reaching £38,000. Creditors have increased by 52%, reaching £1.2 million. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline suggests potential financial strain. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The shift towards beauty treatments, as evidenced by the website, could be a strategic move to capitalize on a different market segment, or it could indicate a re-evaluation of the clothing import business. The significant losses and increasing debt, however, warrant close monitoring, and it's uncertain whether the beauty services can offset the challenges facing the import side of the business.

Registered in Scotland under the registration number SC573036, with a registered address at PH2 0NJ, United Kingdom, Perth, Algo Business Centre, Glenearn Road.

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