Velvet Exclusive Ladies Wear Limited

Velvet Exclusive Ladies Wear Ltd from Bury UK is a small, active company founded 13 years ago. With 10 employees and £800,717 in assets, it’s a well-established business boasting a perfect 5.0 Google rating from 47 reviews. Owned and managed by a solo founder, Deborah McDermott, the company operates from a real address in Ramsbottom and has one director. It’s a regular importer of clothing and accessories, not knitted or crocheted, with 14 months of import activity recorded.

The company’s website, Velvet Ramsbottom, showcases a curated collection of women's and men’s clothing from various brands, including Atom, Barbara Lebek, Barbour, and many others. It operates as a traditional brick-and-mortar boutique with a strong online presence, offering a wide range of items from coats and dresses to footwear and accessories. The website also highlights a selection of gift items, like Joma Jewellery and Elie Beaumont bags. It’s clear Velvet caters to a customer base seeking quality and variety, with a focus on personal service and a welcoming atmosphere.

Financially, Velvet Exclusive Ladies Wear Ltd presents a mixed picture. While cash bank on hand remained steady at £500,000, current assets grew by a healthy 14% to £800,000. However, creditors increased by 21% to £230,000, and trade debtors decreased significantly—dropping 93% to just £400. Equity also grew by 11% to £600,000, but accumulated amortisation impairment intangible assets increased by 9.1%. The company’s small size—meeting two of three criteria for a small company—helps it stay nimble, but the rise in creditors suggests a need to carefully manage cash flow. No auditor is mentioned, likely due to its status as a small, exempt company. The company’s continued growth in assets and equity, despite the increase in creditors, shows it’s a resilient business.

Registered in England/Wales under the registration number 08033115, with a registered address at BL0 9AQ, England, Bury, Lancashire, 56 Bridge Street, Ramsbottom.

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