Ôsalé Plage Ltd

Ôsalé Plage Ltd, based in Bishop's Stortford, UK, is a small, active company founded three years ago. With just one employee and £43,567 in assets, it's a solo founder operation led by a single director and owner. The company operates in the wholesale of clothing and footwear industries, regularly importing clothing and accessories (not knitted or crocheted) – the latest shipment arriving in December 2023. It has a virtual address, registered with 225 other companies.

The company’s website, sal Luxury Sustainable Women's Swimwear, showcases a curated collection of luxury swimwear and resort wear inspired by Italian summers and the jet-set lifestyle. The brand emphasizes sustainability, using ecoinnovative fabrics and handmade production in Italy. The website highlights a focus on adventure, glamour, and nostalgia, with a blog and social media presence. It’s clear the company is targeting a specific, fashion-conscious consumer.

Financially, Ôsalé Plage Ltd’s numbers paint a mixed picture. Current assets increased by 20% to £44,000, which is good, but net assets plunged a staggering 730% to -£20,000. This suggests a significant drain on equity. Bank borrowings increased by 64%, reaching £64,000, and cash reserves fell 93%, leaving just £4,300. Creditors also rose significantly, increasing 74% to £62,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, and the figures are unaudited. Trade debtors decreased by 68%, which could be a positive sign of better collections, but the sharp drop in equity is a concern.

Overall, Ôsalé Plage Ltd appears to be burning through cash despite some positive trends in current assets. The company’s focus on a niche market and sustainable practices is promising, but the financial numbers suggest it needs to carefully manage its expenses and secure funding to ensure long-term viability. The dramatic increase in creditors and the negative equity are worrying signs.

Registered in England/Wales under the registration number 13692798, with a registered address at CM23 3AR, England, Bishop's Stortford, Unit 5 Ducketts Wharf, South Street.

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