Storm Leather Limited

Storm Leather Limited, based in Oxted, UK, is a small, active company founded 16 years ago in 2008. It operates from a virtual address, with two directors and one owner reported, and runs an e-commerce site. The company is an irregular importer, primarily dealing with raw hides and skins (not fur) and leather, with its last import operation recorded one month ago in December 2017.

The company’s website, Storm Leather, positions itself as a trusted leather wholesaler in London, serving both established fashion houses and artisan designers. It offers a range of leathers, including lambskins, goatskins, calfskins, and vegan alternatives, with a focus on quality and expertise. The company's history dates back over 40 years, starting as a leather apprentice and evolving into an online supplier. It even offers museum-grade piano restoration services through its 1066 Pianos division.

Financially, Storm Leather Limited shows some concerning trends. Cash bank on hand has dropped significantly by 93%, falling to just £1,000. Net assets have also declined by 2.5%, reaching -£29,000, and total assets less current liabilities have increased by 53%. While trade debtors have risen by 20%, creditors have decreased by 5.3%. The company meets two of three criteria to be classified as small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). No auditor is mentioned, likely due to its small size.

The company’s irregular import activity and declining cash reserves suggest it’s facing financial pressures. It's possible the company is burning through money, but it’s also possible the decline in cash is due to investments in its online business or piano restoration services. The virtual address raises questions about its operational efficiency, but the company’s long history and established reputation suggest it has the potential to weather these challenges.

Registered in England/Wales under the registration number 06710234, with a registered address at RH8 0ND, Oxted, Surrey, 20 Westlands Way.

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