Vogacloset Limited

Vogacloset Limited, based in London, UK, is a large, active company founded twelve years ago in 2012. Employing sixty-seven people, it holds assets worth £27.455 million and generates a substantial £92.679 million in yearly revenue. While officially registered at a London address, the fact that 115 companies share this address suggests it’s a virtual address. The company is managed by four directors and has one owner. Vogacloset regularly imports clothing and accessories (excluding knitted or crocheted items), with 365 months of import activity, and exports clothing and accessories made by knitting or crocheting, with 160 months of export activity.

The company’s website, vogacloset.com, showcases a wide range of fashion trends for women, men, and children, catering to customers across the Middle East and North Africa (MENA) region. It positions itself as a leading online fashion platform, offering a curated selection of products and emphasizing convenience and localized payment options. The site’s design and product range indicate a focus on e-commerce and a desire to appeal to a young, fashion-conscious demographic.

Financially, Vogacloset Limited presents a mixed picture. While revenue has increased by a solid 8.7% to £93 million, key indicators suggest potential challenges. Current assets decreased by 3.5% to £27 million, and net assets declined by 12% to £7 million. Bank borrowings increased by 34% to £19 million, and cash reserves grew by 30% to £14 million. A significant increase in trade debtors by 46% to £5.2 million could indicate difficulties in collecting payments from customers, or perhaps a deliberate strategy to offer more credit. The company’s size (meeting two of three criteria for a large company) gives it some flexibility, but the decline in net assets warrants closer scrutiny. No auditor is mentioned, likely due to the company’s size and exemption from mandatory audits.

Overall, Vogacloset Limited appears to be a thriving e-commerce business with a strong presence in the MENA region. However, the recent financial trends suggest a need for careful management of cash flow and debt levels. The company’s success will depend on its ability to maintain its competitive edge and navigate the challenges of a rapidly evolving e-commerce landscape.

Registered in England/Wales under the registration number 08068948, with a registered address at W1T 3AD, United Kingdom, London, 9 Berners Place.

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