Tove Limited

Tove Ltd from Twickenham UK: a small, active company founded six years ago, employs two people, and holds £843,424 in assets. With three directors and two owners – including a solo founder – the company operates from a real address and regularly imports and exports clothing and accessories, specifically avoiding knitted or crocheted items. It's been importing for 147 months and exporting for 229 months, with the latest activity recorded in early 2025.

The company's website, TOVE Studio, showcases a curated selection of ready-to-wear clothing, including dresses, tops, outerwear, and accessories. It also features a "MERIT X TOVE" collaboration and highlights a focus on sustainability. The site is clearly geared towards online retail, with a clean, modern design and a focus on seasonal collections—Spring/Summer 2025, Resort 2025, and Autumn/Winter 2024 are currently featured. It's a well-designed ecommerce site, with a focus on visual appeal and a clear brand identity.

Financially, Tove Ltd presents a mixed picture. Current assets have decreased by 11% to £840,000, while net assets have taken a significant hit, plummeting 110% to -£15,000. This suggests a substantial loss. Bank borrowings have increased, and cash reserves have fallen, although creditors have also decreased. The company’s size—meeting two of three criteria for being small—allows for flexibility, but the large equity decline is concerning. The company’s retained earnings accumulated losses are negative. There’s no mention of an auditor, which is common for small, exempt companies.

Overall, Tove Ltd appears to be facing some financial headwinds. While the website suggests a thriving online retail operation, the financial data indicates a company burning through money. The decrease in assets and negative equity raise questions about its long-term viability. It’s possible that the company is reinvesting heavily in growth, but the lack of positive retained earnings is a red flag.

Registered in England/Wales under the registration number 11585290, with a registered address at TW1 3EL, United Kingdom, Twickenham, 7 Hartington Road.

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