The Simple Folk Ltd

The Simple Folk Ltd, a small holding company based in London, UK, has been active since its founding six years ago in 2018. Currently employing just one person, the company holds assets totaling £1,894,880. Despite its status as a holding company, it operates with a virtual address, registered at 20-22 Wenlock Road, a location shared by a staggering 28,877 other companies. The business is overseen by one director and one owner, and its accounts are currently overdue by three months.

The Simple Folk Ltd specializes in the retail and wholesale of children’s clothing, with a strong focus on organic and high-comfort items. Its website showcases a range of denim shorts, muslin dresses, and oversized tees, all marketed towards parents seeking sustainable and ethically sourced options. The site emphasizes local artisans, personalized gift notes, and flexible payment options via Shop Pay. It’s clear they're aiming for a premium, conscious consumer.

Financially, The Simple Folk Ltd presents a mixed picture. While current assets have decreased by 25% to £1.9 million, trade debtors have increased dramatically by 170% to £400,000. This could indicate a shift towards offering more credit to customers, or potentially, challenges in collecting payments. Net assets have also taken a hit, falling 55% to -£5.1 million, largely due to accumulated losses. Bank borrowings have increased by 55% to £1.2 million, and cash reserves have dropped 73% to £30,000. Despite these challenges, the company’s creditors have only increased slightly by 20%, suggesting they are managing their short-term liabilities reasonably well. The company’s small size, meeting two of three conditions for classification, helps maintain agility, but the significant equity decline warrants close monitoring. No auditor is mentioned, consistent with its status as a small, exempt company. The company’s focus on ethical and sustainable practices, combined with its online presence, suggests a long-term vision, though navigating the current financial pressures will be crucial.

Registered in England/Wales under the registration number 11487466, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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