Patricia Eve Ltd

Patricia Eve Ltd, based in Leeds, UK, is a small, family business with an active status, having been incorporated twenty-one years ago in 2003. The company employs seven people and holds £937,959 in assets. It operates from a virtual address, registered at a location shared by eighty-two other companies, which suggests a cost-saving measure. Two directors and two owners—likely family members—manage the business.

Patricia Eve Ltd specializes in importing clothing and accessories, particularly those not knitted or crocheted, with a history of 216 months of import activity. It also exports clothing and accessories made by knitting or crocheting, with seventeen months of export activity recorded. The company's website highlights its role as the UK’s only supplier of Miraclesuit, a US-based brand, and its distribution of other brands like MagicSuit, Naomi Nicole, and Blackspade. It seems to operate as a wholesale distributor, catering to retailers across the UK and Ireland, and even has relationships with clients in other European countries. The website also features a blog and social media presence, indicating an effort to engage with customers and promote its products.

Financially, Patricia Eve Ltd shows a mixed picture. Current assets increased by 24%, reaching £940,000, while net assets grew by 58%, hitting £370,000. Cash reserves jumped 21%, reaching £370,000, and bank borrowings remained stable. However, other creditors increased significantly, rising by 340% to £280,000, which could indicate increased reliance on trade credit. Trade debtors also increased substantially, rising by 55% to £350,000. The company’s small size—meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—means it is exempt from an audit, and the financial statements are unaudited.

The increase in debtors and creditors, alongside the rise in other creditors, suggests the company might be managing cash flow more tightly. It’s possible that increased sales have led to longer payment cycles from customers, while the company has taken on more credit to finance its operations. The lack of mention of an auditor is typical for a small, exempt company, but it does mean that the financial information is not subject to independent verification. Overall, Patricia Eve Ltd appears to be a stable, family-run business, but it’s important to monitor its cash flow and debt levels to ensure its long-term financial health.

Registered in England/Wales under the registration number 04798484, with a registered address at LS25 2GH, United Kingdom, Leeds, 11 Fusion Court Aberford Road, Garforth.

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