Randa Accessories Uk Limited

Randa Accessories Uk Limited, a holding company based in London, UK, has been operating for 31 years, employing 34 people and managing assets totaling £8,356,545. Founded in 1993 by a solo entrepreneur, Spiegel Aaron Herbert, the company has four directors and is a regular importer of clothing and accessories (excluding knitted or crocheted items, with 494 months of import activity) and a regular exporter of headgear and accessories (21 months exported). It boasts a perfect 5.0 Google rating from six reviews.

The company's website paints a picture of a global powerhouse, operating as a supplier of apparel and accessories. Randa Accessories is described as the world's largest manufacturer of belts, a leading brand in women’s specialty channels, and a major player in wallets and cold weather gear. It serves a wide range of retailers, from department stores to online marketplaces, and operates brands like Haggar, Tribal, and Moss Bros Finance Limited. Recent news highlights include a partnership with Pickle Robot to improve warehouse productivity and the acquisition of Totes Isotoner Corporation.

Financially, Randa Accessories Uk Limited shows some concerning trends. While cash and cash equivalents increased by a substantial 44%, to £6.9 million, net assets decreased by 9.3%, settling at £7.5 million. The company's turnover dropped by 17%, reaching £960,000, and net losses deepened to -£23,000. Bank borrowings increased significantly, reaching £29,000, and trade debtors ballooned by 890%, suggesting potential issues with customer payments. Creditors also increased by 35%, to £34,000. The lack of an auditor mentioned, likely due to its small size, means the figures are unaudited.

Despite these challenges, Randa Accessories Uk Limited’s established brand portfolio and global reach suggest resilience. The company's focus on operational efficiency, as evidenced by the Pickle Robot partnership, could help mitigate some of these financial pressures. It's clear that Randa Accessories is navigating a complex landscape, balancing its global operations with the pressures of a competitive market.

Registered in England/Wales under the registration number 02840222, with a registered address at NW1 5DH, United Kingdom, London, Capital House, 25 Chapel Street.

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