Volar Fashion Limited

Volar Fashion Ltd, based in Northwood, UK, is a small, active company founded twelve years ago in 2013. With a single employee and £230,772 in assets, it operates from a virtual address shared by thirty-three other companies, which is a bit unusual. The business is run by two directors and two owners, though the full ownership picture may be more complex. It’s an irregular importer of clothing and accessories (excluding knitted or crocheted items, with recent activity in 2020) and an irregular exporter of footwear and related items (last seen exporting in 2020).

The company's website paints a picture of an international fashion house connecting craftsmen, buyers, and customers. Volar Fashion specializes in fashion apparel, bags, and shoes, with a particular focus on footwear, which has garnered attention across multiple platforms, including e-commerce sites. The company has even partnered with London Rag in India, serving as an authorized retailer. They’re clearly focused on design, manufacturing (including handmade shoes), and e-commerce, with a growing social media presence. Their website also highlights a commitment to sustainability, using reusable materials and compostable packaging.

Financially, Volar Fashion Ltd shows some concerning trends. Cash reserves have plummeted by a staggering 93%, leaving just £9,200 in the bank. Current assets have also dropped significantly, by 51%, to £110,000. While creditors decreased by 34%, this may indicate a need to reinvest in the business. Equity has also declined, now at -£560,000. It’s a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which helps it remain agile, but the sharp decline in cash and equity raises questions about its financial health. The company is exempt from an audit, so the financial statements are unaudited.

The company’s irregular import and export activity, combined with the financial data, suggests that Volar Fashion Ltd is potentially burning through money. While its focus on design and sustainability is commendable, it needs to address its cash flow issues to ensure long-term viability.

Registered in England/Wales under the registration number 08419516, with a registered address at HA6 1BN, United Kingdom, Northwood, Middlesex, 40 High Street.

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