Style Clothing Limited

Style Clothing Limited is a small, active holding company based in Leicester, UK, established eighteen years ago in 2007. It employs twelve people and holds £184,966 in assets, generating £401,733 in revenue annually. The company is a family business, overseen by one director and three owners, with a real registered address. It regularly imports clothing and accessories made by knitting or crocheting (129 months of import activity, latest in October 2024) and exports knitted or crocheted fabrics (four months of export activity, latest in June 2024).

The company’s website currently displays “Style Co NEW SITE COMING SOON,” suggesting a potential shift in online presence or a rebranding effort. While its current operations are not fully detailed online, Style Clothing Limited operates in the manufacture of women's outerwear and other apparel and accessories.

Financially, Style Clothing Limited's recent performance shows some concerning trends. Accumulated depreciation on plant and machinery increased by 4%, while vehicles saw a 100% jump. Administrative expenses decreased significantly, dropping 69%. However, the number of employees halved, falling from twelve to six. Bank borrowings increased by 28%, and cash bank on hand plummeted 99%, leaving only £120 left. Creditors also decreased by 73%, which is a positive sign. Turnover revenue decreased by a significant 84%, dropping from £2.5 million to £400,000. The company's small size (meeting two of three criteria for being classified as small) helps it remain flexible, but the sharp decline in equity and cash reserves raises questions about its financial health. There is no auditor mentioned, likely due to the company’s exemption as a small entity.

The decrease in turnover, coupled with the loss of cash, suggests Style Clothing Limited may be facing challenges in maintaining sales or managing expenses. The decrease in administrative expenses could indicate cost-cutting measures, but the reduction in employees could also be a sign of restructuring or downsizing. The company’s future hinges on its ability to revitalize sales, manage its debts, and adapt to changing market conditions.

Registered in England/Wales under the registration number 06055553, with a registered address at LE1 3QE, Leicester, 1st Floor, 4,Dryden Street,.

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