Nextgen Clothing Limited

Nextgen Clothing Ltd, based in York, UK, is a small, active company founded 11 years ago. With four employees and £397,947 in assets, it’s a modest operation led by one director and owner. Boasting a respectable Google rating of 4.0 from 55 reviews, it seems customers are generally satisfied. The company operates in the retail sale of clothing, both in specialised stores and online.

The website, Schoolshop, is a dedicated online marketplace for school uniforms. It doesn't sell Nextgen Clothing’s own brand but acts as a platform for numerous schools, listing their specific uniform requirements. The site offers a wide range of items, from shirts and trousers to hoodies and ties, catering to over 200 schools across the region. It’s a comprehensive service, offering everything from basic uniform items to leavers' hoodies and staff clothing. The website is well-designed and easy to navigate, with a clear focus on providing a convenient and reliable source for school uniforms.

Financially, Nextgen Clothing Ltd presents a mixed picture. While current assets increased by 29% to £400,000, bank borrowings have surged by a significant 2,400% to £49,000. Cash reserves have also increased by 110% to £66,000. Creditors have risen by 57% to £150,000, suggesting increased reliance on trade credit. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increased borrowing raises questions about its financial stability. The average number of employees decreased by 25% to three, which could be due to seasonal fluctuations or restructuring. The company is exempt from an audit, so the figures are unaudited.

Overall, Nextgen Clothing Ltd appears to be a well-established online retailer of school uniforms, but the recent increase in borrowing warrants closer monitoring.

Registered in England/Wales under the registration number 08766348, with a registered address at YO30 4XG, York, 14 Clifton Moor Business Village, James Nicolson Link.

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