Passenger Clothing Ltd

Passenger Clothing Ltd, based in New Milton, UK, is a sizable company with a holding structure, currently active. Established twelve years ago in 2012, the business employs 41 people and boasts assets of £18,923,703, generating an annual revenue of £32,521,915. It operates a real address and is managed by six directors and a single owner, alongside running an e-commerce site. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with a history of 423 months of imports and 65 months of exports.

The company’s website showcases a wide range of outdoor clothing and gear, emphasizing responsibility and sustainability. It features dedicated sections for men's and women's apparel, packs, gear, and accessories, with a focus on durable, ethically sourced materials. The site actively promotes a “Plant Protect” initiative, planting a tree for every order and supporting rainforest protection.

Financially, Passenger Clothing Ltd presents a mixed picture. While turnover increased by 15%, net assets decreased by 30% to £5,800,000. Bank borrowings increased by 10% to £4,500,000, and cash reserves decreased by 30% to £650,000. Creditors increased by 10% to £12,000,000, suggesting a need for better debt management. The company’s size (meeting two of three criteria for a large company) indicates a significant operation, but the decrease in net assets and cash reserves raises questions about its financial health. The company’s auditor is Shaw Gibbs (Audit) Limited.

The increase in administrative expenses by 100% could be a factor in the decrease of net assets. The company’s focus on sustainability and responsible sourcing, while commendable, may also be contributing to higher costs. The increase in deferred tax asset could be a positive sign, suggesting the company is taking advantage of tax relief. Overall, Passenger Clothing Ltd appears to be a well-established business facing some financial headwinds, but its commitment to ethical practices and a strong brand presence position it for continued success.

Registered in England/Wales under the registration number 08236973, with a registered address at BH25 5NN, England, New Milton, Forest House, 12 Queensway.

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