The Italian Wardrobe Ltd

The Italian Wardrobe Ltd, based in Glasgow, UK, is a small, active company founded four years ago. With a single employee and £15,743 in assets, it operates from a virtual address shared by thirty-four other companies, a fact that raises a slight eyebrow. The business, owned by Currie Angela, Currie Barry, and Friel Daniel, is led by director Friel Daniel and identified as a family business, boasting a perfect 5.0 Google rating based on one review. It’s a regular importer of clothing and accessories, not knitted or crocheted, with 33 months of import activity recorded, the latest in October 2024. The company’s core business involves other retail sale not in stores, stalls or markets.

The company’s website, theitalianjob.co.uk, showcases a design and furniture business, offering interior design solutions, high-standard furniture, and a focus on “100 Made in Italy” craftsmanship. It appears to operate a showroom in London and even provides services like piano restoration. The site’s design is modern and clean, with a focus on visual appeal and a clear call to action: “Get in Touch.” The website also lists a physical location at 80 Moyser Rd London SW16 6SQ.

Financially, The Italian Wardrobe Ltd shows a mixed picture. Current assets have slightly decreased to £16,000, while net assets have fallen significantly to -£1,100. Cash reserves have plummeted 89%, leaving only £490. Borrowings have also decreased, and creditors have fallen by 16%, suggesting some improvement in debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the significant equity drop is a cause for concern. There’s no auditor mentioned, which is typical for a small, exempt company, and the figures are unaudited.

Despite the decline in assets, the company’s focus on high-quality Italian design and its strong online presence could provide a foundation for future growth. However, the financial strain suggests a need for careful management and a focus on profitability to avoid burning through cash.

Registered in Scotland under the registration number SC683486, with a registered address at G67 4RA, Scotland, Glasgow, 10 Avonhead Road, Cumbernauld.

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