Simple Sourcing Limited

Simple Sourcing Limited, based in Brentwood, UK, is a small, active company founded thirteen years ago in 2011. With six employees and £92,673 in assets, it’s a solo-founded operation managed by three directors and one owner. The company regularly imports various textile products, sets, used clothing, and rags—nine months of import activity recorded, with the latest in February 2025—while occasionally exporting clothing and accessories made by knitting or crocheting, with just one month of export activity as of June 2024. The company operates in the non-specialised wholesale trade industries.

Its website highlights a focus on bespoke sourcing solutions for businesses, positioning Simple Sourcing as an extension of their brand. They emphasize flexibility, high-quality products, and a commitment to sustainability, even boasting an in-house sustainability officer. They work with clients to design strategies, offering services from printing to events and promotions, and connect them with global providers.

Financially, Simple Sourcing Limited is showing some concerning trends. Current assets have plummeted by 70%, dropping to £93,000, while net assets have fallen dramatically to -£25,000—a significant decline. Bank borrowings have been eliminated, which is good, but cash reserves have also decreased by 46% to just £1,300. Trade debtors have also seen a sharp decrease, suggesting better debt management. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures rely on unaudited statements.

The company’s substantial losses and dwindling cash reserves suggest it’s burning through money. While the website projects a professional image and commitment to sustainability, the financials paint a picture of a business struggling to stay afloat. Whether the company can adapt and turn things around remains to be seen.

Registered in England/Wales under the registration number 07627723, with a registered address at CM14 4DR, United Kingdom, Brentwood, Essex, 101-135 Kings House First Floor, Kings Road.

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