The Luxury Savvy Ltd

The Luxury Savvy Ltd, based in Glasgow, UK, is a small, active company founded two years ago. Operating from a virtual address and managed by two directors and a solo founder, this e-commerce site boasts a perfect 5.0 Google rating from six reviews. The company, which has one owner, Rafiq Nasim, specializes in the retail sale of new and second-hand goods online, and even offers a personal shopping service.

Financially, The Luxury Savvy Ltd presents a mixed picture. While the company has £180 in the bank, its retained earnings and accumulated losses sit at a concerning -£64. Creditors are steady at £240, and net current assets liabilities are -£63. The company’s small size—meeting two of three conditions for being classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees)—allows for agility, but the negative equity is a cause for concern. No auditor is listed, which is common for small companies.

The company’s website highlights its focus on pre-owned luxury bags, shoes, and accessories, with a particular emphasis on Hermès and Chanel. It actively encourages customers to sell their items via WhatsApp, and features a blog with fashion tips and news. The site's international shipping options and curated collections suggest an ambition beyond the local market. The company’s recent drops and sales, as highlighted on its Instagram stories, point to a dynamic approach to engaging with customers. Despite the company’s efforts, the financial data suggests a company burning through money.

Registered in Scotland under the registration number SC751545, with a registered address at G2 4JR, Scotland, Glasgow, 272 Bath Street.

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