Luxury Styles Ltd

Luxury Styles Ltd is a small, active company based in Ashton-Under-Lyne, UK, founded six years ago in 2019. With £561,865 in assets and two employees, it’s a solo-founded operation run by a single director and owner, Muresan Mariana. The company operates an e-commerce site, selling a range of luxury goods, including bags, shoes, and accessories. Its website showcases a curated selection of high-end items, with a focus on trending pieces and sales promotions.

Luxury Styles Ltd’s business model revolves around retail trade, specifically the retail sale of mobile telephones, hearing aids, and accessories via mail order and internet. The website, while visually appealing, seems to be heavily reliant on promotional banners and discount offers, suggesting a focus on driving sales volume. It’s a little confusing that they also list motor vehicle parts and accessories, but this may be a broader categorization.

Financially, Luxury Styles Ltd presents a mixed picture. While current assets are down slightly at £560,000, cash reserves have dramatically fallen by 91%, plummeting to just £27,000. Trade debtors have increased significantly, by 200%, reaching £140,000—a potential sign of delayed customer payments. On the positive side, creditors have decreased by 6.4%, indicating improved debt management. Equity has increased by 12%, to £170,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the sharp decline in cash reserves is a concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Luxury Styles Ltd appears to be navigating a period of financial adjustment. The reliance on sales promotions and the significant increase in trade debtors suggest a focus on driving revenue, but the dwindling cash reserves indicate a need for careful financial management. It's a little unclear if the company is burning through money, but the trends certainly warrant close monitoring.

Registered in England/Wales under the registration number 11935488, with a registered address at OL6 7FW, England, Ashton-Under-Lyne, Suite 204 Ashton Old Baths, Stamford Street West.

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