The Bespoke Tailor Limited

The Bespoke Tailor Limited, based in Lichfield, UK, is a small, active holding company established eleven years ago in 2014. It employs just three people and holds £218,822 in assets. The company operates from a virtual address shared by thirty-eight other businesses, a fact that raises some questions. It’s managed by one director and one owner, and features an e-commerce site. The Bespoke Tailor Limited regularly imports clothing and accessories, not knitted or crocheted, with five months of import activity recorded as of December 2022. The company’s primary activity involves the manufacture of other men's outerwear.

The company’s website is not available for review, so it’s difficult to determine the specifics of its online presence.

Financially, The Bespoke Tailor Limited presents a mixed picture. Current assets have decreased by 14%, falling to £220,000, while net assets have plummeted 45%, landing at £58,000. Cash reserves have also dropped significantly, falling 15% to £190,000. Trade debtors have shrunk considerably, down 81%, and creditors remain stable. The company's size – meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) – allows for flexibility. However, the decrease in equity is concerning and suggests potential financial strain. There’s no auditor mentioned, which is typical for small, exempt companies.

The significant drop in net assets, combined with a decrease in cash reserves, indicates that The Bespoke Tailor Limited may be burning through money. While the decrease in trade debtors is positive, the overall financial trend suggests a need for careful management and a focus on profitability.

Registered in England/Wales under the registration number 08867096, with a registered address at WS13 6HX, England, Lichfield, C/O Fruition Accountancy Ltd Unit 4, Three Spires House, Station Road.

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