Tori Lane Ltd

Tori Lane Ltd is a small, active e-commerce business based in Glasgow, UK, founded three years ago in 2021. With £1,693 in assets and a virtual address shared by twenty-one other companies, it’s a solo founder operation led by a single director and owner, Russell Elaine. The company operates in the retail sale via mail order houses or via internet industries, offering ladies' fashion through its online boutique.

The website, ToriLane, showcases a curated selection of clothing and accessories, emphasizing stylish and chic designs. It’s clear the business is focused on online retail, with a range of dresses, tops, knitwear, coats, and accessories available for purchase. The site highlights new arrivals, sale items, and popular choices, creating a user-friendly shopping experience.

Financially, Tori Lane Ltd is showing some concerning trends. Current assets have fallen by 31% to £1,700, while net assets have dropped a substantial 78% to just -£720. Cash reserves are down 50% to a meagre £120, and creditors have decreased by 58% to £2,400. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s agile, but the significant equity decline suggests it’s burning through cash. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

It seems like Tori Lane Ltd is struggling to maintain a healthy financial position, despite its active online presence. The decrease in cash reserves and the negative equity are worrying signs, and the company will need to carefully manage its expenses to avoid further financial strain.

Registered in Scotland under the registration number SC709784, with a registered address at G12 8HN, Scotland, Glasgow, The Cooper Building 505, Great Western Road.

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