Novello Fashions (preston) Limited

Novello Fashions Preston Ltd from Preston UK: a small, family business, has been a fixture in the area for 66 years, founded way back in 1958. With 10 employees and £294,756 in assets, it's a real address operation managed by five directors and three owners. The company boasts a stellar 5.0 Google rating based on 29 reviews and regularly imports clothing and accessories (not knitted or crocheted), with its last import operation in February 2025.

The company’s website showcases a wide range of brands, from Allison Barbara Lebek to White Stuff, catering to customers seeking stylish, quality clothing. It’s clear that Novello Fashions operates primarily as a retail business, selling through its website and likely a physical store, offering a diverse selection of outerwear, dresses, knitwear, and more. It seems like they have a good selection of brands, and they are selling online.

Financially, Novello Fashions shows a mixed picture. While current assets decreased slightly to £290,000, net assets took a bigger hit, falling to £300,000. Bank borrowings increased, reaching £20,000, and cash reserves dropped to £200,000. However, trade debtors decreased, suggesting improved payment collection. 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. With no auditor mentioned, the accounts are unaudited.

The decline in equity could be due to various factors, such as increased operating expenses or investments in inventory. The company's long history and strong Google rating suggest a loyal customer base, but the financial figures indicate a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 00613122, with a registered address at PR2 3AQ, Preston, Lancashire, 80 Lytham Road, Fulwood.

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