Snazzy Shirts Ltd

Snazzy Shirts Ltd is a small, active family business based in Ironville, UK, founded 14 years ago. With two employees and two directors, the company operates from a real address and is owned by Williams Daphne Maureen and Williams Glyn Robert. The business specializes in retail sales via mail order and the internet, offering a streetwear brand from Nurnberg, Germany.

The company’s website showcases a range of clothing items, including oversized t-shirts, hoodies, and hats, with a focus on online sales. It features a modern e-commerce platform with product listings, a shopping cart, and secure payment options. The site also includes a blog with articles on streetwear trends and a testimonials section highlighting customer satisfaction. No physical store is mentioned.

Financially, Snazzy Shirts Ltd exhibits a mixed picture. Accumulated depreciation for computer equipment increased by 4.1%, while motor vehicle depreciation remained steady. Cash reserves experienced a dramatic 97% decline, dropping to just £1,800. Creditors decreased significantly by 90%, and bank borrowings vanished completely. Equity also suffered a 78% decrease, settling at -£970. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp drop in equity and cash reserves is concerning. The company’s accounts are unaudited, a common exemption for small entities.

Overall, Snazzy Shirts Ltd appears to be navigating a period of financial adjustment. The company’s focus on online sales and streetwear fashion suggests a potential for growth, but the declining cash reserves and equity raise questions about its long-term sustainability. The lack of a clear audit trail makes it difficult to fully assess the company’s financial health, but it’s clear that careful management will be required to ensure its continued success.

Registered in England/Wales under the registration number 07347556, with a registered address at NG16 5PB, England, Ironville, Nottinghamshire, 2 The Park, Codnor Park.

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