Syed Vintage Ltd

Syed Vintage Ltd from Ilford UK: a small, active company founded six years ago, employs three people, and holds £284,654 in assets. It’s a solo-founded operation with a real address and a 5.0 Google rating based on 396 reviews. The company is an irregular importer of various textile products, sets, used clothing, and rags, with the latest import activity recorded two months ago.

The company operates as a wholesale supplier of vintage clothing, as evidenced by its website. It doesn't appear to be an e-commerce site itself, but rather a B2B platform for retailers and resellers. The website showcases a vast selection of vintage clothing, including brands like Adidas, Barbour, Burberry, and Ralph Lauren. It offers various product categories, such as jackets, sweaters, jeans, and shoes, and caters to both domestic and international customers. The site emphasizes fast shipping, competitive pricing, and a wide range of payment options. It also highlights the company’s commitment to quality and customer service.

Financially, Syed Vintage Ltd presents a mixed picture. Cash reserves have seen a dramatic increase, jumping 880% to £60,000, which is a very positive sign. However, net assets have decreased by 20%, settling at -£15,000. Trade debtors have surged by 300%, suggesting delayed customer payments or a strategy of offering extended credit terms. Creditors have also risen significantly, increasing by 400% to £180,000, which could indicate increased reliance on supplier financing. The company’s small size (meeting two of three conditions for a small company) means it's likely exempt from an audit, so the figures are unaudited.

The significant increase in debtors and creditors, coupled with the negative equity, suggests that Syed Vintage Ltd is experiencing cash flow pressures. The company’s ability to manage its working capital effectively will be crucial for its long-term success. The dramatic increase in cash reserves, however, provides a buffer and could be a result of a large payment received.

Registered in England/Wales under the registration number 11683283, with a registered address at IG1 1JH, England, Ilford, Unit 1, Kataria Point, 1 Riches Road.

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