Sakks Menswear Limited

Sakks Menswear Ltd from Eastleigh UK: a small company with an active status, was founded 20 years ago and employs five people. It holds £274,403 in assets and operates from a virtual address, managed by four directors and a single owner, who is also the solo founder. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 27 reviews. It’s a regular importer of clothing and accessories, specifically items that aren’t knitted or crocheted, with 42 months of import activity recorded.

Sakks Menswear operates as an independent luxury menswear retailer, with a history stretching back to 1982. Its website showcases a wide range of brands, from 7 For All Mankind to UBR, and offers a diverse selection of clothing, including coats, jackets, knitwear, and accessories. The site also highlights new arrivals and a sale section, encouraging customers to explore its offerings. The website is well-designed and easy to navigate, with clear product categories and high-quality images. It's clear that the company is investing in its online presence to reach a wider audience.

Financially, Sakks Menswear Ltd presents a mixed picture. While current assets increased by 37% to £270,000, net assets declined by 15% to £39,000. Bank borrowings surged by 300% to £34,000, and cash reserves fell by 44% to £1,400. Creditors also increased by 53% to £220,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is likely due to its small size, and the figures are based on unaudited statements.

Despite the increase in borrowings and decrease in cash, the company’s strong Google rating and diverse product range suggest a loyal customer base. The company’s focus on luxury menswear and its commitment to quality brands could help it weather any financial challenges. It's clear that the company is well-managed, but it will need to carefully monitor its cash flow and manage its debt to ensure its long-term success.

Registered in England/Wales under the registration number 05338586, with a registered address at SO53 4AR, Eastleigh, Hampshire, Highland House Mayflower Close, Chandlers Ford.

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