Psylo Fashion Limited

Psylo Fashion Ltd, based in London, UK, is a small, active company established 16 years ago in 2009. With seven employees and £352,061 in assets, the company operates from a virtual address—a fact highlighted by fourteen other companies registered at the same location. Two directors and one owner (though the list changed eight years ago) steer the business, which specializes in importing clothing and accessories (excluding knitted or crocheted items) for the past 20 months, and exporting clothing and accessories made by knitting or crocheting for the last four months.

The company's website showcases a vibrant collection of alternative clothing, emphasizing handmade, ethically sourced pieces. It features a wide range of styles, from festival wear to dark edgy looks, and caters to both men and women. The site also highlights collaborations with designers like Psylo, EGOSYSTEMA, and Shokraneh, and operates physical boutiques in London, Bali, Koh Samui, Tulum, Playa Del Carmen, and Mexico City. The website is very well designed and easy to navigate, with a rewards club, blog, and extensive help section.

Financially, Psylo Fashion Ltd presents a mixed picture. While cash reserves increased by a respectable 72% to £59,000, net assets decreased by 30% to -£210,000. Bank borrowings surged by 20%, reaching £10,000, and trade creditors decreased by 49% to £27,000. The company’s small size (meeting two of three conditions for being a small company) helps it remain flexible, but the decrease in equity is a concern. The company’s property plant equipment also decreased by 27%, to £2,500. The lack of an auditor is not surprising, given its status as a small company. The company’s accounts are unaudited. It's worth noting that the company’s tax payable increased significantly, by 160%, to £290,000.

Registered in England/Wales under the registration number 06870210, with a registered address at N20 9HR, England, London, 1339 High Road, Whetstone.

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