Lifestyle Group (uk) Ltd

Lifestyle Group (UK) Ltd, based in Rayleigh, UK, is a small, active company founded nine years ago in December 2015. With 17 employees and £6,292,222 in assets, it operates from a real address and is managed by two directors and one owner. The company regularly imports and exports clothing and accessories, not knitted or crocheted, with 477 months of import activity and 153 months of export activity recorded.

The company's website, though not directly linked to the report, suggests a wholesale operation focused on clothing and footwear. It’s a private limited company, and the address is real as only one other company is registered at the same location. The company’s trading status is active, and it’s currently preparing its financial statements.

Financially, Lifestyle Group (UK) Ltd shows some interesting trends. While net assets increased by 5.1% to £6,100,000, cash reserves also grew by 1.5% to £650,000. However, bank borrowings increased by a small amount, reaching £3. Trade debtors also increased by 10%, suggesting a possible reliance on customer payments. Creditors, however, rose significantly by 69%, which could be due to increased purchasing or perhaps a change in supplier terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 100 employees) allows for flexibility, but the increase in creditors warrants a closer look. The company’s accounts are unaudited, which is common for small entities.

The company’s net current assets also grew by 5.4% to £6,000,000. It seems the company is doing well, but it is important to keep an eye on the rising creditors.

Registered in England/Wales under the registration number 09921180, with a registered address at SS6 9RL, United Kingdom, Rayleigh, Essex, Unit 2 Westfield Close, Rawreth Industrial Estate.

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