The Frock Exchange Limited

The Frock Exchange Limited, based in Ryton, UK, is a small, active company founded two years ago. With four employees and £3,458 in assets, it’s a solo-founder operation led by a single director and owner, Taylor Charlotte Lucy. The company has a real address and a respectable 4.0 Google rating from three reviews.

The Frock Exchange operates primarily as a clothing retailer, selling both online and through Instagram. The website highlights a curated selection of high-quality, preloved designer pieces, encouraging customers to sign up for new arrivals and special events. It seems like they are focusing on consignment, offering a way for customers to sell their own designer items.

Financially, The Frock Exchange is showing some concerning trends. While the company is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets are negative at -£18,000. Cash reserves are low at £1,300, and bank borrowings sit at £17,000. Creditors have increased slightly, and trade debtors are also up. The company's current assets are only £3,500. It’s a bit worrying that the company is burning through money. There's no auditor mentioned, which is common for small companies.

Overall, The Frock Exchange appears to be a small business facing financial challenges. While its focus on preloved designer pieces and online presence is promising, the negative equity and reliance on bank borrowings suggest it needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 14347128, with a registered address at YO17 6RZ, United Kingdom, Ryton, North Yorkshire, Longlands Hall.

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