Snk Apparel Ltd

Snk Apparel Ltd is a small, active company based in Manchester, UK, founded seven years ago in 2018. With eleven employees and £222,654 in assets, it operates from a virtual address, managed by one director and one owner. The business regularly imports clothing and accessories, not knitted or crocheted, for ten months, with the latest import in March 2024. It also exports these items irregularly, with just two months of export activity recorded as of September 2022. The company’s website is currently unavailable, so it’s difficult to determine if it operates an e-commerce site or relies on wholesale channels.

The company’s core business appears to be retail sale of clothing in specialised stores. While the lack of a website makes it difficult to assess its online presence, the company’s registration details suggest a focus on physical retail.

Financially, Snk Apparel Ltd presents a mixed picture. Cash reserves have increased by 42%, reaching £190,000, which is a positive sign. However, equity has plummeted 140%, resulting in negative equity of -£880. Creditors have also risen by 35%, reaching £220,000, and tax payable has increased significantly, by 140% to £13,000. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the sharp decline in equity is concerning. The company's unaudited accounts, prepared using VT Final Accounts software, state that the accounts have been prepared in accordance with FRS 102. It is exempt from an audit as a small company.

The increase in creditors suggests the company is relying more on short-term financing, while the negative equity indicates it’s burning through cash. The lack of detail about the company’s revenue and profitability makes it difficult to assess its long-term viability, but the trends suggest it’s facing financial pressure.

Registered in England/Wales under the registration number 11221947, with a registered address at M21 7SA, England, Manchester, 651a Mauldeth Road West Chorlton.

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