Reskinned Resources Limited

Reskinned Resources Ltd from London UK: a small, active company founded five years ago, employs 17 people, and holds £1,553,201 in assets. It operates from a real address and is led by two directors and two owners, running an e-commerce site. The company is an irregular exporter of textile products, used clothing, and rags, with two months of export activity recorded up to January 2025.

The company’s website, Reskinned, focuses on preloved fashion, offering a wide range of clothing for men, women, and children. It emphasizes sustainability, offering a "takeback" program where customers can send in their unwanted clothes for resale or repurposing. The site also features collaborations with emerging designers and innovative recycling technologies. It’s clear the business is all about giving clothes a second life, with a strong emphasis on reducing fashion waste.

Financially, Reskinned Resources Ltd presents a mixed picture. Cash bank on hand has seen a dramatic increase, soaring by 3,000% to £1,100,000, a significant boost. However, retained earnings have fallen sharply by 3,100% to £1,700,000, suggesting increased spending or investment. Creditors have also decreased, which is good news, but trade debtors have increased significantly, which could indicate payment issues. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the large equity decline warrants further investigation. There’s no auditor mentioned, likely due to its small company status, so the figures are unaudited.

Overall, Reskinned Resources Ltd seems to be growing rapidly, but its financial health requires careful monitoring. The company’s focus on sustainability and its thriving e-commerce platform are positives, but the fluctuating financials suggest a startup still navigating the challenges of scaling up.

Registered in England/Wales under the registration number 12214659, with a registered address at E16 4ST, England, London, Unit 5 Maskell Ind Estate, 29 Bidder Street.

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