Nola Boutique Limited

Nola Boutique Limited, based in Manchester, UK, is a small, active company established 21 years ago. With four employees and £43,014 in assets, it’s a solo-founded operation managed by three directors and a single owner. The company maintains a real address and boasts a respectable 4.0 Google rating from 15 reviews. Nola Boutique regularly imports footwear and related items, with the latest activity recorded three months ago.

The company’s website, currently closed, indicates an upcoming relaunch with a Shopify-powered online store. A password is required to access the site, suggesting a beta phase or exclusive preview. The site promotes designer womenswear and encourages visitors to sign up for notifications about promotions, new products, and sales. The website also offers a social media sharing option.

Financially, Nola Boutique Limited presents a mixed picture. Current assets have decreased by 12% to £43,000, while net current assets have also declined by 23% to -£230,000. Bank borrowings have increased significantly by 36% to £200,000, and cash reserves have fallen 77% to £610. Creditors have also decreased by 29%, which could indicate improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for companies of this size.

Overall, Nola Boutique Limited appears to be navigating a challenging period. While the upcoming online store relaunch suggests ambition and a focus on growth, the financial data indicates a company burning through cash. The reliance on increased borrowing and declining cash reserves raises concerns about long-term sustainability, but the company's small size and focus on designer womenswear could provide agility in a competitive market.

Registered in England/Wales under the registration number 05041840, with a registered address at M3 2BB, United Kingdom, Manchester, Nola 2 Barton Arcade, 61 Deansgate.

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