Passion Accessories Ltd

Passion Accessories Ltd, based in Salford, UK, is a small, active company founded four years ago. It’s a solo-founder operation with two employees and £122,792 in assets, operating from a virtual address shared by 38 other companies. The company runs an e-commerce site and imports and exports headgear and accessories, though irregularly – one month of imports and two months of exports recorded. It's a private limited company with one director and one owner.

The company’s website, passionaccessories.com, showcases a wholesale business specializing in scarves and fashion accessories. It caters to high street stores, online retailers, and garden centres, offering high-quality products and a full design service. The site highlights a 30-year experience in the fashion accessories business, and a focus on ethical working practices. It even offers a made-to-order service.

Financially, Passion Accessories Ltd presents a mixed picture. Current assets have fallen by nearly half, dropping to £120,000, while net assets have risen to £14,000. Bank cash reserves have decreased significantly, falling to £520. Creditors have been reduced, suggesting better debt management, but other debt has increased. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible. The lack of an auditor mentioned is not unusual for a small company.

Overall, Passion Accessories Ltd seems to be navigating a period of change. While it’s maintaining a presence in the wholesale market, the decline in cash reserves and the rise in other debt suggest it’s burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 12829473, with a registered address at M7 1UF, England, Salford, Unit 3 116 Broughton Lane.

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