Think Clothing Ltd

Think Clothing Ltd is a small, active company based in Hove, UK, founded just one year ago in May 2023. The company holds just £1,885 in assets and operates from a virtual address, registered at 168 Church Road, BN3 2DL – an address shared by forty-five other companies. It’s a family business run by three directors and three owners, Goodman David, Goodman Diana Margaret Hindmarsh, and Goodman India. The company’s website is not available.

Think Clothing Ltd operates in the manufacture of other wearing apparel and accessories n.e.c. industries. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company is an irregular importer, with its top import category being Clothing and accessories, not knitted or crocheted, totaling one month of imports, the last operation conducted on August 01, 2024.

Financially, Think Clothing Ltd presents a concerning picture. Net assets are a negative £16,000, and cash reserves sit at a meagre £1,900. Bank borrowings are £18,000, and creditors are also £18,000. Trade debtors are a mere £22. The company’s small size and lack of employees (zero reported) suggest a lean operation, but the negative equity and reliance on borrowing indicate potential financial strain. The absence of an auditor—likely due to small company exemption—means these figures are unaudited.

While the company's family ownership and niche import focus may offer some resilience, the current financial trends suggest it's burning through money. Whether it can turn things around remains to be seen, but for now, Think Clothing Ltd faces a challenging path.

Registered in England/Wales under the registration number 14891782, with a registered address at BN3 2DL, United Kingdom, Hove, 168 Church Road.

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