Respoke Limited

Respoke Limited, a London-based company, is a large e-commerce business with an active status, having been founded twelve years ago in 2012. Employing forty-six people and boasting assets of £5,491,847, it operates from a virtual address, a detail that raises some questions. Seven directors oversee the company, which currently has no listed owners. Respoke specializes in the retail sale via mail order houses or via internet, regularly importing and exporting clothing and accessories, not knitted or crocheted.

The company’s website, Spoke.com, showcases a wide range of menswear, from trousers and tops to shorts and underwear, emphasizing fit, style, and convenience. The site’s design and product descriptions suggest a focus on quality and a modern, digitally-savvy customer. It’s clear Spoke is investing in its online presence, with detailed product information, size guides, and customer testimonials.

Financially, Respoke Limited presents a mixed picture. While cash and cash equivalents increased by a significant 120%, reaching £1.5 million, net assets decreased by 49%, falling to £2.2 million. Bank borrowings decreased by 25%, reaching £380,000, and current assets dropped by 22%, hitting £5.5 million. Trade debtors increased by 890%, suggesting possible issues with customer payments, and creditors rose 18%, indicating a rise in short-term liabilities. The company’s turnover is estimated to be over £36 million, and its balance sheet total is over £18 million, meeting the criteria for a large company. The company’s auditor is Mercer & Hole LLP.

The trends suggest Respoke is experiencing some financial strain, despite the increase in cash reserves. The rise in trade debtors and creditors, combined with the decrease in net assets, could be attributed to increased sales volume or perhaps some challenges in managing cash flow. The lack of owners reported could be a result of the company's structure, or a deliberate choice to maintain flexibility.

Registered in England/Wales under the registration number 08265501, with a registered address at EC2V 6DN, United Kingdom, London, 9th Floor 107 Cheapside.

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