Sterling Wholesale Limited

Sterling Wholesale Ltd, based in Harlow, UK, is a small, family-run business with an active status. Founded 25 years ago, the company employs four people and holds £1,130,714 in assets. It has two directors and two owners, operating from a real address with six other companies registered there. The business regularly imports clothing and accessories (excluding knitted or crocheted items) – 43 months of import activity recorded, the last in December 2024 – and exports clothing and accessories made by knitting or crocheting – 7 months of export activity, the last in November 2024.

Sterling Wholesale Ltd operates in the wholesale of clothing and footwear industries, selling both through its own website and on platforms like Amazon and eBay. The website showcases a wide range of products, including home and kitchen goods, sports and outdoor equipment, toys, and games, catering to diverse customer needs. It's clear they are trying to offer a convenient shopping experience with a broad product selection.

Financially, Sterling Wholesale Ltd presents a mixed picture. While current assets increased by 81% to £1,100,000, net assets also rose by 3.9% to £130,000. However, bank borrowings surged by a significant 160% to £490,000, and cash reserves fell by 48% to £59,000. Creditors increased by 100% to £1,000,000, and trade debtors increased by 110% to £740,000. 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 remain flexible, but the increased borrowing and decreased cash reserves suggest they may be stretching their resources. As a small company, it is exempt from an audit, so the financial information is unaudited.

The increase in borrowing could be linked to the expansion of their import and export activities, or perhaps investment in their online presence. It’s possible the company is experiencing growing pains as it seeks to expand its reach – hopefully, the increased sales will help them manage their debts.

Registered in England/Wales under the registration number 03923175, with a registered address at CM20 2BJ, England, Harlow, Essex, Sterling House, 9 East Road.

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