Threadology London Ltd

Threadology London Ltd is a small holding company based in London, UK, with an active status. Founded nine years ago in 2016, it employs fifteen people and operates from a virtual address, a detail that raises some questions. The company has three directors and one reported owner, Utopia Holdings Ltd. Threadology regularly imports and exports clothing and accessories (excluding knitted or crocheted items), with 422 months of import activity and 40 months of export activity recorded.

The company’s website reveals a focus on formalwear, operating under the brand "Threadology" and its associated retail store, twistedtailor.com. It positions itself as a disruptor in the tailoring market, offering alternative tailoring and owning a “collective” of brands. The company also works with Frasers Group and emphasizes European and UK production to maintain quality and reduce its carbon footprint. The site highlights a focus on design and caters to a younger generation, moving away from the traditional, commoditized suit.

Financially, Threadology London Ltd presents a mixed picture. While cash reserves decreased significantly by 49% to £630,000, bank borrowings also fell by 12% to £460,000. Creditors increased by 4.1% to £1.4 million, while trade debtors surged by a whopping 210% to £930,000, suggesting potential issues with customer payments. Equity also declined by 2.6% to £1.1 million. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the drop in equity and the rise in debtors warrant closer attention. The company is exempt from an audit as a small company. The decrease in assets could be due to increased investment in inventory or marketing. It's also worth noting that the company’s net assets liabilities are £1.1 million.

Registered in England/Wales under the registration number 10049123, with a registered address at E1W 9US, United Kingdom, London, 2 Leman Street.

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