Patta Ltd

Patta Ltd from London UK: a small, active company founded eight years ago, employs ten people, and operates from a real address. It's led by one director and has two owners, and runs an e-commerce site. The company regularly imports clothing and accessories (excluding knitted or crocheted items – 69 months of imports), and exports clothing and accessories made by knitting or crocheting (17 months of exports).

The company, operating in the retail sector, sells clothing and accessories through its website, Patta UK. The site emphasizes exclusive collections, community engagement, and a curated selection of brands. It offers free shipping on orders over £250 within the UK and highlights initiatives like the Patta Running, Cycling, and Foundation programs, suggesting a brand identity beyond just retail. The website’s design is modern and visually driven, showcasing a strong focus on fashion and lifestyle.

Financially, Patta Ltd’s situation presents a mixed picture. While assets remain steady at £490,000, cash bank on hand has significantly decreased by 57%, dropping to £140,000. Creditors have risen considerably, increasing by 47% to £860,000, while debtors have also increased by 69% to £330,000. Equity has remained constant, and finished goods for resale have increased by 170% to £870,000. Net current assets and liabilities remain steady. The company is a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned.

The decrease in cash reserves, coupled with rising creditors, suggests the company is burning through cash faster than it’s bringing it in. However, the increase in finished goods and debtors could indicate growing sales and a build-up of inventory—perhaps in anticipation of seasonal demand. The lack of a clear profit figure makes it difficult to assess the company’s long-term financial health, but the company seems to be growing, though it’s important to monitor its cash flow closely.

Registered in England/Wales under the registration number 10197909, with a registered address at W1F 0JS, England, London, 6 Silver Place, Soho.

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