Sunco Knitwear Limited

Sunco Knitwear Ltd, based in Leicester, UK, is a small holding company with an active status, established nine years ago in 2015. Employing nineteen people, the company holds assets valued at £1,439,392 and operates from a real address with two directors and one owner. It’s a regular importer of clothing and accessories made by knitting or crocheting, with 352 months of import activity, and a regular exporter of clothing and accessories, not knitted or crocheted, with 46 months of export activity.

The company’s website describes Sunco Knitwear as a vertically integrated system supplier of fashionable casualwear for the mid-range price segment, primarily targeting the ladieswear market. They create collections for a global market under various umbrella brands, offering everything from knitwear and outerwear to t-shirts, dresses, and leisurewear. Sunco boasts over three decades of industry experience, adapting quickly to trends and producing multiple collections annually. They emphasize quality, value for money, style, and a perfect fit, with a global network of suppliers in the Far East and dedicated UK and Indian offices focusing on design and sales.

Financially, Sunco Knitwear Ltd presents a mixed picture. Current assets have fallen significantly by 41%, dropping to £1,400,000, while net assets have also decreased, although by a smaller amount of 3%. Bank borrowings have been reduced by 25%, and cash reserves have also declined by 6%. Trade debtors have fallen sharply, suggesting better collection practices. Creditors have decreased significantly, but the increase in other creditors is a concern. The company’s small size—meeting two of three criteria for a small company—helps maintain agility, but the decline in assets warrants closer examination. The unaudited figures, typical for a small company, rely on director-reported data.

The company’s focus on inspiration and trend forecasting, including the use of WGSN, suggests a proactive approach to the fashion industry. However, the financial results indicate a period of adjustment, potentially reflecting the challenges of adapting to changing market conditions or increased competition.

Registered in England/Wales under the registration number 09726621, with a registered address at LE3 5QG, United Kingdom, Leicester, 63/65 King Richards Road.

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