Smart Wear Clothing Limited

Smart Wear Clothing Limited, based in Tilbury, UK, is a small, active company established nine years ago in 2015. With a single employee and £59,780 in assets, it operates from a real address and is overseen by one director and owner, Niazi Jameel. The business runs an e-commerce site and has garnered a perfect 5.0 Google rating from six reviews. It regularly imports clothing and accessories made by knitting or crocheting, with six months of import activity recorded as of October 2024.

The company’s website showcases a retail operation focused on online sales, operating within the mail order and internet industries. It's a small business, meeting two of the three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

A review of the company’s financials reveals a mixed picture. While fixed assets decreased by 18%, computer equipment depreciation saw a slight increase. Bank borrowings decreased by 46%, but cash reserves fell by 33% to £2,800. Creditors increased significantly by 130%, suggesting a reliance on trade credit. Current assets, however, saw a substantial rise of 180%, reaching £60,000—a positive sign. Equity also experienced a dramatic improvement, increasing by 430% to £32,000. Trade debtors increased by 350%, which could indicate a need to manage customer payments more effectively.

Despite these improvements, the company’s net losses remain a concern. It's possible that increased sales are driving up costs, or that the business is investing in growth. With no auditor mentioned, the financial data is unaudited, and the long-term sustainability of Smart Wear Clothing Limited remains to be seen.

Registered in England/Wales under the registration number 09728425, with a registered address at RM18 8RU, England, Tilbury, 25 Calder, East Tilbury.

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