The Global Luxury Closet Ltd

The Global Luxury Closet Ltd, based in Ruislip, UK, is a small, active company founded seven years ago. With a single employee and £360,027 in assets, it operates as an e-commerce site specializing in high-end luxury accessories, handbags, and footwear, boasting a perfect 5.0 Google rating from 11 reviews. The company’s real address is at College House, Ruislip, and is managed by one director and one owner.

The website, Globalluxcloset, showcases a curated selection of Chanel, Louis Vuitton, and Hermes items, often sold at discounted prices. It offers payment options like Klarna and Bank transfer, and ships worldwide. The site highlights a consignment model, suggesting a focus on pre-owned luxury goods. New arrivals are regularly posted, and the site includes testimonials from satisfied customers, emphasizing authenticity and service.

Financially, The Global Luxury Closet Ltd presents a mixed picture. Current assets increased by 39% to £360,000, while cash bank on hand decreased by 49% to £8,500. Creditors increased by 22% to £290,000, and trade debtors soared by 170% to £70,000. Equity, however, jumped by a significant 210% to £74,000. The company meets the criteria for a small business, with turnover under £10.2m and assets under £5.1m. No auditor is mentioned, reflecting its exemption as a small company.

The increase in debtors suggests potential challenges in collecting payments, while the drop in cash reserves might indicate reinvestment in inventory or increased operating expenses. The substantial growth in equity, however, points to a potentially profitable period. It's a small business with a lot of potential, but it's important to monitor its cash flow and debt management going forward.

Registered in England/Wales under the registration number 11149752, with a registered address at HA4 7AE, England, Ruislip, 2nd Floor, College House, 17 King Edwards Road.

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