Lost Soles Limited

Lost Soles Ltd, a Liverpool-based company, is a small, active business founded seven years ago. With seven employees and £287,241 in assets, it maintains a real address and is managed by two directors and owners. Boasting a perfect 5.0 Google rating from 28 reviews, the company is a regular importer of clothing and accessories made by knitting or crocheting, with recent import activity recorded in June 2024.

The company’s website showcases a luxury clothing retailer with a focus on high-quality tees, hoodies, pants, and outerwear for both adults and children. It operates a physical store at Albert Dock, Liverpool, offering a different selection than its online shop, including footwear. The site emphasizes next-day delivery, secure online payments, and a range of payment options like Klarna and Apple Pay. It also features a "Club Lost" collection and a focus on British craftsmanship.

Financially, Lost Soles Ltd presents a mixed picture. Current assets have decreased by 20%, dropping to £290,000, while net assets have fallen by 32%, reaching £200,000. Cash reserves have also declined by 38%, leaving £170,000. However, creditors have increased by 24%, suggesting a possible need for more working capital. Trade debtors have seen a dramatic increase of 9200%, which could indicate difficulties in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity is a concern. As a small company, it is likely exempt from an audit, meaning the financial information is unaudited.

Overall, Lost Soles Ltd appears to be facing some financial headwinds, despite its strong online presence and positive customer reviews. It’s a company that’s working hard, but needs to keep a close eye on its cash flow.

Registered in England/Wales under the registration number 10783378, with a registered address at L1 0BG, United Kingdom, Liverpool, Suite 4102, Charlotte House Queens Dock Commercial Centre, 67-83 Norfolk Street.

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