This Way Next Ltd

This Way Next Ltd, based in London, UK, is a small, holding company with an active status. Founded four years ago in August 2020, it employs six people and holds £136,062 in assets. The company operates from a virtual address—151 other companies are registered at the same location—and is managed by two directors and one owner. It’s a regular importer of clothing and accessories, not knitted or crocheted, with five months of import activity recorded, the last in May 2023.

The company’s website, This Way Next, positions itself as a creative agency focused on public relations and communications. It works with brands in fashion and outdoors, providing a platform for positive change and guiding them towards a sustainable future. The agency’s expertise extends to connected fields like regenerative farming, architecture, and climatetech, showcasing a broad range of interests. The site highlights collaborations with brands like Global VIP Rowing Blazers and Goldsmith Vintage, suggesting a focus on elevating vintage and luxury goods.

Financially, This Way Next Ltd presents a mixed picture. While current assets increased slightly to £140,000, net assets plunged dramatically to -£27,000, a significant turnaround from the previous year. Cash reserves fell by 5.2% to £11,000, and bank borrowings increased, suggesting the company is relying on external funding. Creditors rose by 24%, indicating increased short-term liabilities, and trade debtors increased by 16%. 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 agility, but the substantial equity decline points to potential challenges. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, This Way Next Ltd seems to be burning through money, despite its creative work and growing client base. The company’s reliance on external funding and the negative equity suggest it's in a precarious position, although its focus on sustainability and brand collaborations could provide a foundation for future growth.

Registered in England/Wales under the registration number 12789668, with a registered address at W1B 5AW, United Kingdom, London, C/O Auria, 48 Warwick Street.

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