Reluxe Fashion Limited

Reluxe Fashion Ltd from London UK: a small, active company founded four years ago, employs seven people, and holds £151,823 in assets. Operating from a virtual address, the company is led by one director and one owner. It’s an irregular importer of leather goods, travel bags, and animal harnesses (imported for one month) and a regular exporter of various textile products, sets, used clothing, and rags (exported for eleven months).

The company’s website showcases a curated selection of pre-owned luxury handbags, clothing, shoes, and accessories from top brands like Chanel, Gucci, and Dior. It operates an e-commerce platform, offering international shipping and a "use code 15RELUXE" discount. The site also features a "Wardrobe Edit" service, where customers can sell their pre-owned luxury items to Reluxe. The website’s design and content suggest a focus on high-end fashion resale, targeting a discerning customer base.

Financially, Reluxe Fashion Ltd’s recent performance presents a mixed picture. Cash reserves have increased dramatically, jumping 850% to £99,000, which is a positive sign. However, net assets have decreased by 73%, falling to -£600,000, indicating significant losses. Trade debtors have risen by 160%, suggesting potential issues with customer payments, and creditors have decreased by 18%, which is good. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial loss raises concerns. The accounts are unaudited, as is common for small companies.

It seems Reluxe Fashion is growing its cash position, but is also burning through money to achieve that growth. The company’s focus on pre-owned luxury fashion and its online platform suggest a modern business model, but the financial results highlight the challenges of scaling a fashion resale business.

Registered in England/Wales under the registration number 13041763, with a registered address at W10 5BN, United Kingdom, London, C/O Hilton Consulting Studio 133, Canalot Studios, 222 Kensal Road.

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