Olata Fashions Ltd

Olata Fashions Ltd, based in Norwich, UK, is a small, family-run business with an active status. Founded ten years ago in 2015, the company employs just two people and holds £320,032 in assets. It operates from a real address and is managed by two directors and owners. Olata Fashions regularly imports and exports clothing and accessories—excluding knitted or crocheted items—with 19 months of import activity and 18 months of export activity recorded.

The company’s website, Olata Fashions Braces for families!, suggests a focus on family-oriented products, though the specific offerings aren't immediately clear. It's a retail business operating via mail order and internet sales.

Financially, Olata Fashions Ltd presents a mixed picture. Current assets have decreased by 20% to £320,000, while net assets have fallen by 21% to £280,000. Cash bank on hand has also declined by 15%, dropping to £210,000. Interestingly, trade debtors have vanished completely, a significant change from the previous year. Creditors have decreased by 28%, and the company’s bank borrowings have increased by 86%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is worth noting. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

While the company’s import and export activities suggest ongoing trade, the financial data indicates a period of adjustment. It's possible the company is reinvesting in its business, or perhaps facing increased costs.

Registered in England/Wales under the registration number 09490557, with a registered address at NR8 5DT, England, Norwich, Norfolk, Northwood House The Croft, Old Costessey.

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