S.r.g. Apparel Plc

SRG Apparel Plc from Manchester UK: a large company with an active status, was founded 26 years ago. It employs 65 people and holds £14,101,401 in assets, generating a yearly revenue of £40,093,082. With five directors and one owner, it boasts a perfect 5.0 Google rating based on five reviews. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with 1591 months of import activity and 475 months of export activity.

The company’s website showcases a forward-thinking approach, highlighting brands, services, ethical sourcing, and news. Terms and conditions, privacy policy, and the modern slavery act are also readily available, suggesting a commitment to transparency and compliance. SRG Apparel Plc appears to operate in the wholesale of clothing and footwear industries.

Financially, SRG Apparel Plc shows a mixed picture. Accumulated amortisation of intangible assets remained steady, but depreciation of property, plant, and equipment increased by 5.2%. Administration expenses rose significantly by 14%, and the amount specific advance or credit to directors decreased substantially. Bank borrowings plummeted by a remarkable 99%, and cash on hand also decreased. Despite this, revenue increased by 130%, and profit loss increased by 130%. Current assets decreased by 25%, and net assets increased by 6.9%.

The company’s large size (meeting two of three conditions for a large company) suggests a stable operation, but the decrease in current assets and cash reserves raises questions. The increase in administration expenses, while concerning, could be attributed to investments in growth. The lack of an auditor mentioned (likely exempt as a large company) means the financial data relies on management-reported figures. Overall, SRG Apparel Plc seems to be navigating a period of change, with both challenges and opportunities ahead.

Registered in England/Wales under the registration number 03689774, with a registered address at M45 8FJ, Manchester, Unit 14 Park Seventeen, Whitefield.

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