Valletti Limited

Valletti Limited is a small, active company based in Hamilton, UK, founded four years ago in 2021. It employs seven people and holds £213,958 in assets. The company is a solo-founded operation with one director and owner, Singh Gurdev Bhai. Valletti Limited operates as an irregular importer of clothing and accessories, not knitted or crocheted, with recent import activity recorded in March 2024.

The company’s website, vallettisrl.it, reveals a significantly larger operation focused on the recovery, reuse, and recycling of used clothing. It’s a family-run business with 50 years of experience, operating from Pastorano, Italy, and serving international markets. Valletti S.r.l. emphasizes its ISO 9001 and ISO 14001 certifications and its commitment to sustainability. The website details services including clothing collection, selection, renovation, and resale, catering to wholesale buyers. It even highlights a female administrative team and boasts a 100% customer satisfaction rate.

Financially, Valletti Limited presents a mixed picture. Cash bank on hand decreased by 36% to £16,000, while creditors increased significantly by 160% to £250,000. Net assets are in the negative, with a loss of £32,000. Trade debtors are also up, suggesting potential issues with customer payments. Despite meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the increase in creditors and the negative equity raise concerns. The company's unaudited financial statements, prepared using CCH software, do not mention an auditor.

Overall, Valletti Limited appears to be facing financial pressures despite its established Italian parent company and commitment to sustainability. The company's irregular import activity and focus on wholesale resale may be contributing to these challenges, and it will be interesting to see if the parent company can provide the necessary support to navigate these difficulties.

Registered in Scotland under the registration number SC686066, with a registered address at ML3 7AU, Scotland, Hamilton, 70/72 Quarry Street.

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