Sourcewhere Limited

Sourcewhere Limited is a small, active company based in London, UK, founded six years ago in January 2019. With just two employees and £47,936 in assets, it operates from a virtual address shared by 29 other companies, a bit odd really. The company is led by a single director and owner, Erica Wright, who also serves as the founder. Sourcewhere Limited primarily exports footwear and related items, though export activity has been irregular, with just one month of exports recorded as of October 2024. The company’s website, Sourcewhere, appears to focus on retail sales via mail order and the internet.

The website showcases a range of products, suggesting a focus on fashion and accessories. While the site looks professional, it lacks detailed information about the company's history or mission. It’s clear they’re operating in a competitive online retail space, trying to stand out with a curated selection of goods. The company seems to be doing alright, but it’s hard to tell exactly what they’re selling.

Financially, Sourcewhere Limited’s recent accounts show some concerning trends. While bank cash increased significantly, from £4,700 to £42,000, net assets decreased sharply, falling from -£470,000 to -£580,000. Trade debtors have plummeted, which is good, but creditors have increased, suggesting a reliance on short-term financing. 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 likely exempt from an audit, so the figures are unaudited. The increase in cash is a positive sign, but the overall picture suggests the company is burning through money, and it's important to keep an eye on their cash flow. It's a bit of a gamble, really.

Registered in England/Wales under the registration number 11787222, with a registered address at EC2A 4NE, England, London, 86-90 Paul Street 3rd Floor.

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