Rathbones Tailor Ltd

Rathbones Tailor Ltd is a small, active company based in London, UK, founded four years ago in December 2020. It’s a solo venture, run by one director and owner, and operates an e-commerce site offering suit hire for various occasions. With a real address and just one employee, the company holds £11,874 in assets.

The website, Rathbones Tailor, specializes in suit hire, particularly for weddings, black tie events, and race days. It offers a wide range of styles, including morning suits, tweed suits, and highland wear, with a focus on convenience and a "try-on service." The site is well-organized, with clear product categories and helpful measuring guides, and even offers a newsletter with styling tips and a discount code. The site also boasts a perfect 5.0 Google rating from eight reviews.

Financially, Rathbones Tailor Ltd presents a mixed picture. While the company’s small size (meeting two of three conditions for being a small company) allows for agility, the numbers show some concerning trends. Net assets have plummeted by a staggering 460%, reaching -£9,400, and net current assets are a negative £12,000. Bank overdrafts have decreased by 41%, which is good, but cash reserves have also fallen by nearly 5%. Creditors have increased by 40%, and other creditors are up 71%. The company’s turnover is not mentioned, but the company is likely to be below £10.2 million. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The company’s reliance on a single owner and director, combined with the negative equity, suggests it’s burning through cash. However, the positive customer reviews and well-designed website indicate a strong brand and potential for growth—if it can manage its finances effectively.

Registered in England/Wales under the registration number 13061158, with a registered address at W12 9DP, United Kingdom, London, Unit B2 The Workshops, W12 Studios, Askew Crescent.

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