Resonate Clothing Ltd

Resonate Clothing Ltd is a small, active company based in Coventry, UK, founded three years ago in 2022. It boasts £11,573 in assets and operates as a solo-founded business with one director and owner. The company runs an e-commerce site and is an irregular importer of clothing and accessories, not knitted or crocheted, with just one month of import activity recorded.

The company's website, Resonate, showcases two distinct ventures: a menswear and womenswear store and "The Suit Club," offering styling appointments for weddings and special occasions. The website highlights a physical store in Harborne, Birmingham, and emphasizes personal service and expert product knowledge. It's clear the business aims to provide quality, wearable clothing, from sharp tailoring to contemporary casualwear.

Financially, Resonate Clothing Ltd presents a mixed picture. Cash bank on hand decreased by 7.6% to £3,700, while creditors increased by 45.0% to £9,900. Current assets saw a significant jump of 67.0% to £12,000, but debtors skyrocketed by 6800.0% to £7,900. Equity, however, surged by 2000.0% to £1,600, a positive sign. 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 agility, but the large increase in debtors suggests potential cash flow challenges. The accounts are described as “filleted” and unaudited, relying on director-reported data.

Overall, Resonate Clothing Ltd seems to be navigating the early stages of growth. While the increase in debtors is a concern, the growth in equity and current assets suggests a company working to build a solid foundation. It’s clear that Musa Hoorish, the sole director and owner, is actively managing the business, but whether it can sustain its growth trajectory remains to be seen.

Registered in England/Wales under the registration number 13849039, with a registered address at CV4 9DB, United Kingdom, Coventry, C/O Nexus Accounting Services Ltd, 7 Joshua Close.

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