Penarth Brands Ltd

Penarth Brands Ltd is a small, active company based in Dinas Powys, Wales, founded four years ago in March 2021. With two employees and £450,226 in assets, it’s a modest operation with a real address and two directors and owners. The company regularly imports clothing and accessories—not knitted or crocheted—with 10 months of import activity recorded, the last in September 2022.

The company’s website, Perverse Demand, showcases a luxury streetwear brand designed in Wales by Nathan Palmer, known for dressing celebrities. The brand combines 70s LA skate culture with a preppy chic, offering unique, authentic clothing made with high standards and carefully selected fabrics. The website highlights a focus on quality, fit, and long-lasting garments, and even mentions participation in Cardiff Fashion Week.

Financially, Penarth Brands Ltd shows some concerning trends. Turnover dropped by 21%, falling to £910, while net losses deepened to -£5,400. Cash reserves are non-existent, and bank borrowings are also zero. Creditors increased by 1.2% to £460,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is typical for small, exempt companies.

While the brand’s website and fashion week participation suggest a focus on growth and visibility, the financials indicate a company burning through money. The decrease in turnover and the negative equity raise questions about its long-term sustainability, although the focus on luxury and celebrity dressing could be a sign of a niche market with potential.

Registered in Wales under the registration number 13278179, with a registered address at CF64 4QQ, Wales, Dinas Powys, 4 Sunnycroft Lane.

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