The Strap Tailor Ltd

The Strap Tailor Ltd, based in London, UK, is a small, active company founded six years ago in 2018. With three employees and £448,704 in assets, it operates from a virtual address – a detail flagged by the presence of 5611 other companies registered at the same location. The company, led by two directors and a solo founder, Richards David James, runs an e-commerce site specializing in handmade watch straps. It's an irregular importer, bringing in clocks, watches, and their parts for short periods, with the most recent import activity occurring in March 2024.

The company's website, The Strap Tailor, showcases a wide range of watch straps, from canvas and calfskin to embossed crocodile and military-style options. It emphasizes "timeless craftsmanship" and caters to "true enthusiasts," offering customization options and a rewards program. The site also highlights its partnerships with brands like Studio Underd0g and features customer testimonials. It’s clear the company is focused on building a premium brand around its handcrafted products.

Financially, The Strap Tailor Ltd presents a mixed picture. Cash bank on hand decreased by 16% to £270,000, while total inventories saw a substantial 180% increase to £140,000 – perhaps indicating a buildup of stock. Trade debtors decreased by 42% to £19,000, which could be a positive sign of improved collections, but other creditors increased by 52% to £8,500. The company's net current assets liabilities rose by 20% to £220,000. Despite these fluctuations, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. The absence of an auditor, due to its small size, means the figures are unaudited. Overall, The Strap Tailor Ltd seems to be navigating the challenges of a growing e-commerce business, with a focus on quality and customer satisfaction, but it’s important to monitor its cash flow and debt levels.

Registered in England/Wales under the registration number 11423916, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street, Covent Garden.

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