Pacific Brands Ltd

Pacific Brands Ltd, based in Darwen, Blackburn, UK, is a small holding company with an active status, established five years ago. Employing nine people and holding assets of £1,741,268, the company operates from a real address and is managed by two directors and two owners. It regularly imports clothing and accessories made by knitting or crocheting (three months of import activity) and occasionally exports clothing and accessories not knitted or crocheted (two months of export activity).

The company’s website reveals a broader scope than initially apparent. While Pacific Brands Ltd operates as a wholesale and retail clothing supplier, it’s a subsidiary of Hanes Australasia, a major player in the Australian and New Zealand apparel market. Hanes Australasia boasts a portfolio of well-known brands like Berlei, Bonds, Dunlopillo, and Jockey, catering to a wide range of consumers. The website highlights the company’s commitment to sustainability, ethical sourcing, and community partnerships, emphasizing its dedication to making a positive impact. It also features a section dedicated to its Reconciliation Action Plan, demonstrating a commitment to supporting Indigenous communities.

Financially, Pacific Brands Ltd's recent performance presents a mixed picture. Current assets have decreased by 20% to £1,700,000, while net assets have plummeted 220% to -£130,000. Bank borrowings have decreased by 10%, and cash reserves have fallen dramatically by 99% to just £2,000. Trade debtors have also decreased by 25%, suggesting improved collection rates, but the significant drop in equity is concerning. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in equity and cash reserves indicates potential financial strain. The company is exempt from an audit, relying on unaudited statements.

In conclusion, Pacific Brands Ltd appears to be navigating a challenging period. While its connection to the larger Hanes Australasia provides stability and brand recognition, the company's own financial health requires close monitoring. The drop in cash reserves and the negative equity suggest a need for careful management and potentially a re-evaluation of its operational strategy, though the decrease in debtors is a positive sign.

Registered in England/Wales under the registration number 12414787, with a registered address at BB3 0DG, England, Darwen, Blackburn, Lancashire, St Andrews House 11 Dalton Court, Commercial Road.

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