Salt Resort Wear Ltd

Salt Resort Wear Ltd, based in London, UK, is a small, active company founded thirteen years ago in 2012. With eight employees and £259,188 in assets, it operates from a virtual address—a fact that’s worth noting as 1997 other companies are registered at the same location. The business is led by a single director and owner, Stephanie Alameida-Boninsegna, and runs an e-commerce site with a 3.0 Google rating from eight reviews. The company regularly imports clothing and accessories, not knitted or crocheted, with 277 months of import activity recorded.

The company’s website, Salt Boutique, showcases a curated collection of luxury fashion from globally sourced contemporary brands and up-and-coming designers. It features a wide range of clothing, accessories, and shoes, with a focus on stylish and unique pieces. The site also has a physical presence with boutiques in Chelsea and Motcomb Street, London. Salt Boutique emphasizes its commitment to exceptional service and timeless elegance.

Financially, Salt Resort Wear Ltd presents a mixed picture. While current assets increased by a significant 110%, reaching £260,000, net assets declined by 7.2% to -£2.5 million. Bank borrowings decreased by 2.6%, settling at £70,000, and cash reserves fell 44% to just £5. Creditors also increased by 35%, reaching £190,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Salt Resort Wear Ltd appears to be navigating a challenging financial landscape. While its e-commerce presence and physical boutiques suggest a strong brand, the declining equity and increasing creditors raise concerns. Whether the company can sustain its growth and profitability remains to be seen, but its focus on curated luxury and exceptional service positions it well in a competitive market.

Registered in England/Wales under the registration number 07916848, with a registered address at N21 3NA, United Kingdom, London, 1 Kings Avenue.

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