Solo Republic Ltd

Solo Republic Ltd is a small, active company based in London, UK, founded eight years ago in 2017. With just four employees and £14,681 in assets, it’s a solo-founded operation managed by a single director and owner. The company operates in the wholesale of textiles and the retail sale of clothing, and it’s a regular importer of clothing and accessories – not knitted or crocheted – with six months of import activity recorded, the last in October 2019. The registered address is a virtual address, as twelve companies are registered there.

The company's website, SOL REPUBLIC, appears to be a customer service portal for a US-based electronics company, offering support, phone numbers, email addresses, and business hours. It doesn’t seem to be directly related to the UK-based import business, which is a little confusing. It’s likely a legacy branding issue, or perhaps a side project.

Financially, Solo Republic Ltd is showing some concerning trends. Current assets have fallen by a significant 65%, dropping to just £15,000, while net assets are at -£140,000. Cash reserves have plummeted 92%, leaving just £310. Bank borrowings decreased by 20%, and creditors also fell, which is a positive sign. However, the large net loss and dwindling cash reserves suggest the company is burning through money. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's agile, but the equity drop is a worry. There’s no auditor mentioned, so the figures are unaudited.

In short, Solo Republic Ltd is facing financial pressure. The company's focus on importing clothing and accessories, coupled with the legacy website, suggests a business trying to navigate a changing market. It’s a small operation, and its future depends on finding a way to stabilize its finances and perhaps streamline its operations.

Registered in England/Wales under the registration number 10600592, with a registered address at E1 1NU, United Kingdom, London, 112 Commercial Road.

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