N G Menswear Ltd

Ng Menswear Ltd, based in London, UK, is a small, family business with an active status, having been founded twelve years ago. The company employs five people and holds £35,301 in assets, operating from a virtual address. It’s led by one director and owned by two individuals, Gilbey Nigel and Gilbey Paula, who have held those positions for nine years. The business regularly imports clothing and accessories made by knitting or crocheting, with 45 months of import activity recorded.

The company’s website, Northern Garms, showcases a wide range of menswear, specializing in cargo trousers, sherpa hoodies, and tracksuits. It’s clearly geared towards a younger, fashion-conscious audience, with a focus on new arrivals and seasonal styles. The site’s design is clean and modern, featuring high-quality product photography and a user-friendly shopping experience. It even offers international shipping and multiple payment options, including Apple Pay and PayPal. The website’s “About Us” section highlights the company’s mission to offer customers the best fitting clothing and quality, since 2013.

Financially, Ng Menswear Ltd presents a mixed picture. Current assets have decreased by 7.8% to £35,000, while net assets have dropped significantly by 570% to -£28,000. Bank borrowings have remained constant at £10,000, and cash reserves have also stayed the same at £8,600. Creditors have decreased by 5.3%, suggesting some improvements in managing debts. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Ng Menswear Ltd appears to be navigating a challenging financial landscape. While the website suggests a thriving online presence and a focus on customer satisfaction, the significant equity decline raises concerns about its long-term viability. It’s likely the company is burning through money, and while the family ownership structure may provide stability, it also means the business relies heavily on the directors’ expertise and decision-making.

Registered in England/Wales under the registration number 08316196, with a registered address at N12 8QA, London, 869 High Road.

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