Silk Search Ltd

Silk Search Ltd, based in London, UK, is a small, active company established 17 years ago. It's a solo-founded operation with one director and employee, holding £699,266 in assets. The company operates from a virtual address, shared by 384 other businesses, and functions as an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags—with the latest import occurring in June 2024. It’s also involved in employment placement agencies.

The company’s website highlights its focus on executive talent consultancy within the fashion and luxury lifestyle industries. Silk Search specializes in director-level appointments, offering services like executive search, expatriation support, and interim executive placements. They position themselves as connecting businesses with exceptional leaders and helping candidates build strong careers. The site showcases case studies and client testimonials, emphasizing their expertise and results-driven approach.

Financially, Silk Search Ltd presents a mixed picture. Current assets have significantly decreased by 36%, dropping to £700,000, while net assets have fallen by 30%, settling at £630,000. Bank borrowings have increased slightly, rising by 3.2% to £9,900. Cash reserves have also declined by 13%, falling to £100,000. Creditors have seen a substantial drop, decreasing by 71%, suggesting improved debt management. The company's small size—meeting two of three conditions for being classified as small—allows for agility, but the decline in equity raises questions about its long-term financial health. The accounts are unaudited, a common occurrence for small companies.

Despite the downturn in assets, the company’s focus on a niche market—luxury fashion recruitment—could provide a buffer against broader economic pressures. The decline in debt is a positive sign, but the drop in equity warrants closer monitoring.

Registered in England/Wales under the registration number 06591385, with a registered address at N3 2FG, United Kingdom, London, 1st Floor Gallery Court, 28 Arcadia Avenue.

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