Religion Limited

Religion Ltd, based in East Sussex, UK, is a small, active company founded 30 years ago. With 26 employees and £4,061,547 in assets, it operates from a virtual address and is led by three directors and one owner. The company runs an e-commerce site and regularly imports and exports clothing and accessories, not knitted or crocheted, with 835 months of import activity and 149 months of export activity.

The company’s website, RELIGION Clothing, showcases a wide range of menswear and womenswear, from new arrivals and bestsellers to sale items and outlet collections. It emphasizes current trends, like "Quiet Luxury" and "The Graphic Edit," and offers promotions like "Buy 3 and Pay for 2" to entice customers. The site also features a newsletter signup offering 10% off the first order, early access to sales, and VIP offers—a typical strategy for online retailers. The website’s design is modern and visually appealing, with high-quality product photography and a user-friendly navigation system.

Financially, Religion Ltd is showing some concerning trends. Current assets have fallen by 21%, dropping to £4,100,000, while net assets have declined by 18%, reaching £3,800,000. Bank borrowings have increased by a significant 2,400%, reaching £29,000, and cash reserves have decreased by 5.7% to £2,300,000. Trade debtors have fallen by a substantial 56%, dropping to £320,000, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, so the figures are unaudited. The average number of employees has also plummeted by 65%, falling to just nine—a dramatic reduction that could be due to restructuring or seasonal fluctuations. The lack of income from related parties, which has completely disappeared, is also a notable change.

Overall, while Religion Ltd has a well-established e-commerce presence and a history of importing and exporting, the recent financial data suggests a period of pressure. The sharp decline in assets and the increase in borrowings warrant close monitoring—although the company’s agility as a small business could help it navigate these challenges.

Registered in England/Wales under the registration number 02979784, with a registered address at BN21 4PT, East Sussex, 18 Hyde Gardens, Eastbourne.

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