Real Collections Limited

Real Collections Limited, based in Leigh On Sea, UK, is a small, family-run business with an active status. Founded five years ago in 2019, it employs just one person and holds £15,198 in assets. The company operates from a virtual address, registered at a location shared by sixty other businesses, and is overseen by two directors and two owners.

The company’s website, Real Collections, showcases a range of clothing and accessories, with a focus on carefully selected items suitable for all ages and shapes. It operates a physical shop in Brixham, South Devon, and emphasizes a "real style" that encourages individuality. The site’s navigation is easy to use, with clear categories and a dedicated “About Us” section detailing the company’s ethos.

Financially, Real Collections Limited is showing some concerning trends. Current assets have fallen by a significant 59%, dropping to £15,000, while net assets have plummeted 64% to just £4,300. Cash bank on hand has also decreased dramatically, falling 66% to £11,000. Loans from directors have decreased by 56%, which is a positive sign, but the sharp decline in equity suggests the company is burning through cash. Trade debtors have also decreased, which is good, but overall, the financial picture is not encouraging. The company is small, meeting two of three criteria for a small business, and no auditor is mentioned, indicating exemption from an audit.

Despite the challenging financials, Real Collections Limited appears to be maintaining a customer-focused approach with its online presence and physical shop. Whether it can reverse the recent financial downturn remains to be seen, but its commitment to offering a curated selection of clothing and accessories suggests a desire to build a sustainable business.

Registered in England/Wales under the registration number 12187586, with a registered address at SS9 2UA, Leigh On Sea, Essex, Turnpike House, 1208/1210 London Road.

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