Silk Avenue Limited

Silk Avenue Limited, based in Bolton, UK, is a small, active company founded eleven years ago in 2013. With a real address and a single director and owner – a solo founder – it operates an e-commerce site and employs ten people, holding assets valued at £520,906. The company regularly imports leather goods, travel bags, and animal harnesses, with 26 months of import activity recorded, the latest in October 2019. It’s a wholesale business, involved in the trade of clothing and footwear, computers and software, and retail sales via mail order and the internet.

The company's website showcases a wide range of ladies' wholesale handbags, clutch bags, and fashion accessories, emphasizing diversity in designs, simplicity in buying, and quality in manufacturing. It positions itself as a one-stop shop for buying inexpensive wholesale bags online, catering to both budding businesses and established retailers. The site also highlights a low minimum order policy and a focus on providing the latest fashion trends.

Financially, Silk Avenue Limited presents a mixed picture. While current assets increased by 35% to £520,000, equity plummeted 26% to £65,000. Bank borrowings remained steady at £140,000, but cash reserves dropped significantly by 76% to just £14,000. Creditors increased by 4.6% to £320,000, and trade debtors jumped 59% to £30,000. 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 decrease in equity suggests potential financial strain. There’s no auditor mentioned, likely due to its status as a small company.

The substantial increase in trade debtors and the decrease in cash reserves could indicate challenges in collecting payments or increased operational expenses. It’s possible that the company is investing in inventory or marketing to drive sales, but it's important to monitor these trends closely.

Registered in England/Wales under the registration number 08601069, with a registered address at BL3 3BJ, England, Bolton, Swan Lane Mill No 3, Higher Swan Lane.

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