Rock Bottom Designer Clearance Shops Limited

Rock Bottom Designer Clearance Shops Ltd from Oswestry UK: a small, active company founded 20 years ago, employs 22 people, and holds £228,228 in assets. It’s a family business with three directors and two owners, boasting a stellar 5.0 Google rating from 19 reviews. The company regularly imports clothing and accessories made by knitting or crocheting, with 16 months of import activity recorded.

The company operates a retail business, selling clothing in specialised stores. Its website, Florence and Company, is a fully functional e-commerce platform. Customers can browse a wide selection of women’s clothing, accessories, and even a blog with fashion updates. The site is well-designed and easy to navigate, with clear product categories, secure payment options, and a focus on customer service. The website is also offering a newsletter subscription.

Financially, Rock Bottom Designer Clearance Shops Ltd shows some concerning trends. While the company remains small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees, its equity has taken a hit, dropping 33% to £110,000. Cash reserves have also declined by 22%, sitting at £160,000. Creditors have increased by 20%, reaching £130,000, and bank borrowings have increased, suggesting the company is relying more on debt. Interestingly, trade debtors have risen by 39%, which could indicate delayed payments from customers. The company’s unaudited financial statements, exempt from an audit as a small entity, rely on director-reported data.

Despite the challenges, the company’s strong Google rating and active e-commerce presence suggest a loyal customer base. The decline in equity and cash reserves, however, warrants closer monitoring. The company’s ability to manage its debt and maintain sales will be crucial for its long-term success.

Registered in England/Wales under the registration number 05271793, with a registered address at SY11 2SP, United Kingdom, Oswestry, C/O Florence & Company, 20a Church Street.

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