Preloved@45 Cic

Preloved 45 Cic from Leicester, UK, is a small company with an active status, established three years ago. It employs three people and holds £6,555 in assets, generating £37,229 in yearly revenue. The business, which has a real address, is managed by four directors and owned by three individuals. It operates an e-commerce site and enjoys a stellar 5.0 Google rating based on four reviews.

The company’s website showcases a mission to reduce waste by reselling preloved sportswear, raising money for charity. It’s a CIC (Community Interest Company) focused on providing inspiration, opportunities, and support through fitness. The site offers a growing range of preloved sportswear, from good to new condition, and encourages donations and repairs to minimize landfill waste. Recent blog posts highlight sponsorships and fundraising initiatives.

Financially, Preloved 45 Cic shows a mixed picture. While turnover increased by 13% to £37,000, the company’s equity significantly declined by 57% to just £7,500. Cash reserves plummeted 67% to £6,600, and net losses deepened to -£9,700. Bank borrowings increased, and trade debtors grew, suggesting potential challenges in managing cash flow. Administrative expenses also rose considerably. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, meaning the figures are unaudited.

The sharp drop in equity and cash reserves could be attributed to increased operating costs or investments in the business. The company’s reliance on donations and resales might make it vulnerable to economic fluctuations. However, the strong Google rating and focus on sustainability could provide a competitive advantage.

Registered in England/Wales under the registration number 13547748, with a registered address at LE3 1RG, England, Leicester, 45 Wellinger Way.

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