Peggs & Son Ltd

Peggs & Son Ltd, based in Brighton, UK, is a small, active company founded just three years ago in 2021. With £950,953 in assets and a virtual address, it’s a solo-founded operation run by a single director and owner. The business operates a popular online store selling a curated selection of menswear and accessories, with a strong focus on Japanese and European brands. While primarily focused on importing clothing and accessories (excluding knitted or crocheted items), it also exports clothing and accessories made by knitting or crocheting.

The company’s website, Peggs & Son, is a well-designed and visually appealing platform showcasing a wide range of brands, from Anderson's to Visvim. It features a "Denim Guide" and "Looks" section, indicating a focus on styling advice and a desire to educate customers. The site also highlights collaborations and new arrivals, suggesting a dynamic and trend-driven approach. They even have a section dedicated to footwear, showcasing a range of brands and styles.

Financially, Peggs & Son Ltd presents a mixed picture. Accumulated depreciation for intangible assets increased by 50%, reflecting investment in the business, while depreciation for property and equipment also rose. Bank borrowings decreased by 50%, which is a positive sign. Cash reserves increased by 6%, providing a small buffer. Creditors decreased by 22%, suggesting better debt management. Net assets increased by 31%, a significant improvement. However, trade debtors increased by 270%, which could indicate challenges in collecting payments. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to exemption as a small company.

Overall, Peggs & Son Ltd appears to be a thriving online retailer with a strong brand identity and a loyal customer base. While the increase in trade debtors warrants monitoring, the company's financial health seems stable, and its focus on curated selection and styling advice positions it well in the competitive menswear market. It's clear that they are investing in their business and managing their debts effectively, although the rapid growth in debtors could be a cause for concern if not addressed.

Registered in England/Wales under the registration number 13357201, with a registered address at BN1 6SB, United Kingdom, Brighton, East Sussex, Preston Park House, South Road.

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