Seventh Stores Limited

Seventh Stores Limited, a small company based in London, UK, has been active since its founding eight years ago in 2017. With seven employees and £193,453 in assets, it operates from a real address and is led by one director and owner. The company regularly imports and exports clothing and accessories, not knitted or crocheted, with 28 months of import activity and 3 months of export activity.

The company’s website, Seventh Luxury Contemporary Design, showcases a curated collection of menswear and womenswear, emphasizing "luxury contemporary design." The site features a range of clothing items, including shorts, chinos, and nylon pants, alongside accessories and outerwear. It also highlights a "Seventh Stories" section with interviews and behind-the-scenes content, and a "Seventh Suppers" initiative promoting local cafes. The website’s focus is clearly on direct-to-consumer retail via an e-commerce platform.

Financially, Seventh Stores Limited presents a mixed picture. While current assets increased by 29% to £190,000, net assets declined by 17% to -£160,000. Bank borrowings rose significantly by 38% to £200,000, while cash reserves remained relatively stable at £90,000. Trade debtors increased by a substantial 250% to £32,000, and creditors decreased slightly by 9.4% to £50,000. 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 flexibility, but the negative equity suggests ongoing losses. The unaudited accounts, prepared using Taxfiler software, rely on director-reported data and do not mention an auditor.

The substantial increase in trade debtors could indicate a shift in payment terms or a challenge in collecting outstanding invoices. While the website presents a polished image and the company appears to be actively engaged in retail, the financial data suggests it's burning through money. The company's focus on luxury design and curated content may be aimed at building brand loyalty and justifying higher prices, but the long-term sustainability of this strategy remains to be seen.

Registered in England/Wales under the registration number 10719861, with a registered address at EC1N 8DX, England, London, Suite 2586 Unit 3a, 34-35 Hatton Garden,, Holborn,.

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