The London Coat Company Ltd

The London Coat Company Ltd, based in London, UK, is a small, active company established sixteen years ago in 2009. It employs fifteen people and holds assets totaling £638,867. With a real address and a single director and owner, the company operates from 212 Stamford Hill, N16 6RA. It’s a regular importer of clothing and accessories, not knitted or crocheted, with 433 months of import activity recorded, and a smaller exporter with just four months of activity.

The company’s website is not available, so it’s difficult to determine the specifics of its operations beyond the import/export activities. It appears to be involved in the retail sale of new goods in specialised stores, though the exact nature of the coats and accessories sold remains unclear.

Financially, The London Coat Company Ltd presents a mixed picture. Current assets have decreased by 13%, falling to £640,000, while net assets have increased by 4.5%, reaching £320,000. Bank borrowings have significantly reduced, dropping 37%, and cash reserves have also declined by 54%, sitting at £110,000. Creditors have decreased by 8%, suggesting improvements in debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's financial data reveals some concerning trends. A significant drop in cash reserves, despite increased net assets, could indicate that the company is reinvesting heavily in its business or facing increased operating expenses. The reduction in bank borrowings is a positive sign, suggesting improved financial discipline. However, the increase in trade debtors, with a 96% decrease, is a worrying trend. It could be due to a few large outstanding invoices or a change in credit terms, but it warrants closer attention. The unaudited nature of the financial statements, as a small company exempt from audit, means the figures rely on director-reported data.

Registered in England/Wales under the registration number 06839157, with a registered address at N16 6RA, England, London, 212 Stamford Hill.

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