One Choice Apparel Ltd

One Choice Apparel Ltd from Hitchin UK: a small, active company founded six years ago in 2018, employs three people, and operates from a real address. It's led by one director and owner, and runs an e-commerce site. The company irregularly imports furniture, lighting, and prefabricated buildings (for two months) and exports machinery, boilers, and mechanical appliances (for one month). It operates in the manufacture of other wearing apparel and accessories.

The company’s website showcases a range of clothing and accessories, with a focus on sustainable and ethically sourced items. The site is well-designed and easy to navigate, featuring a "Spring Sale" and highlighting "Lucky Dip Boxes" offering mystery selections of hoodies and t-shirts. It also has a blog and a section dedicated to ethical practices, emphasizing conscious choices for a better future.

Financially, One Choice Apparel Ltd is showing some concerning trends. Net assets have decreased by 9%, falling to -£320,000, and net current assets have plummeted 110%, ending at -£1,300. Cash reserves have also dropped significantly, falling 33% to £2,100. Bank borrowings, however, have decreased by 6%, reaching £290,000. Creditors have also decreased slightly, suggesting improved debt management. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The decrease in equity is a notable concern, suggesting the company is burning through money. The decrease in cash reserves is also worrying, but the slight decrease in bank borrowings is a positive sign. It’s clear that One Choice Apparel Ltd is facing financial pressures, but its focus on ethical practices and sustainable products could help it weather the storm.

Registered in England/Wales under the registration number 11475372, with a registered address at SG4 7HY, England, Hitchin, Unit 2 Elms Yard Stevenage Road, Little Wymondley.

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