Love A Preloved Limited

Love A Preloved Limited is a small, active company based in Fleet, UK, founded two years ago in 2022. It employs just two people and holds £589 in assets, operating from a real address. With two directors and two owners, the company runs an e-commerce site specializing in luxury preloved designer handbags and accessories, earning a stellar 5.0 Google rating from eight reviews. While the business is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it’s focused on a niche market.

The company’s website, Love A Preloved, highlights its commitment to sustainable fashion, offering authentication services and a consignment program. It emphasizes a curated selection of luxury brands, appealing to customers seeking high-end style with a reduced environmental impact. The site also features a blog with articles on fashion trends and sustainability, reinforcing its brand identity.

Financially, Love A Preloved Limited presents a concerning picture. Net assets are currently at a negative £5,000, indicating accumulated losses outweighing equity. Cash reserves are minimal at just £31, and bank borrowings are £5,600. While creditors remain steady at £5,600, the significant negative equity and low cash position suggest the company is burning through money. The lack of employees (just two reported) keeps overhead low, but the company may struggle to scale without additional investment. With no auditor mentioned, the figures are unaudited.

Overall, Love A Preloved Limited is a small business facing financial challenges. While its e-commerce platform and focus on sustainable luxury are attractive, the company needs to address its losses and improve its cash flow to ensure long-term viability.

Registered in England/Wales under the registration number 14339736, with a registered address at GU51 5BH, England, Fleet, 4 Pennyroyal.

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