Luxe Collective Fashion Ltd

Luxe Collective Fashion Ltd, based in Ormskirk, UK, is a small, active family business founded four years ago. With ten employees and £791,251 in assets, it operates a thriving e-commerce site and boasts an impressive Google rating of 5.0 based on 203 reviews. The company regularly imports and exports leather goods, travel bags, and animal harnesses, with 18 months of import activity and 37 months of export activity recorded. It has two directors and two owners, both of whom are listed as Gallagher.

The company’s website showcases a curated selection of luxury brands and pre-loved items, catering to a fashion-conscious clientele. It offers a wide range of products, from handbags and belts to watches and jewellery, with a focus on high-end designers like Louis Vuitton, Gucci, and Chanel. The site also features a "Sell My Item" service, allowing customers to trade in their unwanted fashion pieces for cash, and offers personal shopping assistance. It’s clear the business is aiming for a premium experience, with frequent sales and promotions advertised.

Financially, Luxe Collective Fashion Ltd’s recent report reveals a mixed picture. Current assets have fallen by 18%, dropping to £790,000, while net assets have plummeted 66%, sitting at £150,000. Bank borrowings have increased significantly, rising 140% to £520,000. Creditors also increased by 22%, reaching £670,000. A notable increase in average employees (from 10 to 22) suggests the company may be expanding its operations, but also potentially straining its financial resources. The company is exempt from an audit as a small company, so the figures are unaudited.

While the company’s strong online presence and positive customer reviews are encouraging, the decline in equity and increase in debt raise questions about its long-term sustainability. It's likely the company is investing in growth, but careful management will be crucial to ensure it doesn’t burn through cash too quickly.

Registered in England/Wales under the registration number 13075814, with a registered address at L40 8AH, England, Ormskirk, Unit 10 Seafire Business Park, Burscough.

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