Or Collective Limited

Or Collective Limited, based in Great Dunmow, UK, is a small, active company founded three years ago. With a single employee and £82,265 in assets, it operates from a virtual address shared by 146 other companies. The business is owned and directed by Staple-knaggs Bliss Olivia and Staple David Charles. It regularly imports clothing and accessories (excluding knitted or crocheted items), with the latest import activity recorded three months ago.

The company’s website, Or Collective, offers a subscription service for renting baby and toddler clothes. It focuses on style and sustainability, providing unlimited swaps and no charges for stains or wear and tear. Customers can choose from various subscription tiers, ranging from five pieces to twenty pieces, with options for mix-and-match styles and curated collections. The site highlights partnerships with brands like Bobo Choses and Tiny Cottons, emphasizing organic cotton and high-quality garments. The business model centers on a circular economy, aiming to reduce textile waste and offer a convenient, affordable alternative to traditional clothing purchases.

Financially, Or Collective Limited presents a mixed picture. While cash reserves have plummeted by 95%, falling to just £15, bank borrowings have increased significantly, reaching £4,500. Creditors have also risen substantially, jumping 330% to £7,300. However, trade debtors have increased by 130%, suggesting potentially delayed customer payments. Net assets have declined by 140%, falling to -£73,000. The company’s small size—meeting two of three criteria for being a small company—allows for flexibility, but the drop in equity raises concerns. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity. It’s clear the business is burning through money, but the subscription model and focus on sustainability may offer a path to long-term viability.

Registered in England/Wales under the registration number 13894559, with a registered address at CM6 1UU, United Kingdom, Great Dunmow, Essex, 1-3 High Street.

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