Out Of Step Ltd

Out Of Step Ltd from Bristol UK: a small, active company founded 18 years ago, employs 19 people, and holds £596,067 in assets. It’s a real address with four directors and a solo founder, Cottingham Ross Andrew. The company regularly imports clothing and accessories made by knitting or crocheting (205 months) and irregularly exports other clothing and accessories (1 month). It's a wholesale business, operating in the clothing and footwear industries.

The company's website is not available, so it’s hard to know exactly what they do, but it’s likely they operate a wholesale business, selling to retailers rather than directly to consumers.

Financially, Out Of Step Ltd’s recent performance presents a mixed picture. Current assets have significantly decreased by 37%, dropping to £1.3 million, while net assets have fallen by a substantial 45%, now at £890,000. Bank borrowings have also reduced by 8%, reaching £870,000. However, cash reserves have seen a remarkable increase of 230%, now standing at £440,000. Trade debtors have also decreased significantly, suggesting improved collection of payments. Despite the decrease in assets, the increase in cash reserves could indicate a period of improved liquidity, although the decrease in net assets raises some concerns. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the significant drop in equity warrants further scrutiny. With no auditor mentioned, the financial statements are unaudited.

The company’s import activity suggests a focus on sourcing knitted and crocheted goods, while the limited export activity indicates a more domestically-focused business. The financial data suggests a company that may be facing some financial pressures, but it's also holding more cash than before.

Registered in England/Wales under the registration number 05813175, with a registered address at BS4 4AX, Bristol, Unit 8 Newbridge Trading Estate, Whitby Road.

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