Style Cheat Ltd

Style Cheat Ltd, based in Northampton, UK, is a small, holding company with an active status. Founded six years ago, the company operates an e-commerce site selling women's clothing and accessories. It employs three people and holds £987,031 in assets, though the registered address is a virtual one, shared by sixteen other companies. The company has one director and one owner. Style Cheat regularly imports and exports clothing and accessories, not knitted or crocheted, with 81 months of import activity and 33 months of export activity.

The company’s website, Style Cheat, showcases a wide range of women's fashion, from dresses and tops to swimwear and outerwear. The site features a variety of brands and styles, catering to different occasions and tastes. It also offers a loyalty program, free UK delivery on orders over £200, and Klarna payment options. The website is well-designed and user-friendly, with clear product categories, size guides, and customer reviews.

Financially, Style Cheat Ltd’s recent performance presents a mixed picture. Current assets have fallen by a significant 31%, dropping to £990,000. Bank borrowings have also increased, with overdrafts rising by 2.5% to £9,900, but non-financial bank borrowings decreased by 28% to £26,000. Creditors have decreased by 7.9%, but non-financial creditors have increased by 290% to £140,000. Equity has plummeted by 260% to -£280,000, a worrying trend. Despite the decrease in assets, the company’s small size—meeting two of three criteria for a small company—allows for agility. The lack of an auditor is not surprising, given the small company exemption. The company's average number of employees has increased significantly, by 370% to fourteen, which is a notable change.

The company's financial data suggests it may be burning through money, particularly with the sharp decline in equity. The increase in bank borrowings and the decrease in cash reserves further support this concern. However, the decrease in creditors suggests some improvement in debt management. It's worth noting that the figures are unaudited, so they should be viewed with caution.

Registered in England/Wales under the registration number 11482586, with a registered address at NN1 5JF, Northampton, Suite 501 Unit 2 94a Wycliffe Road.

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