Wave Fashion Ltd

Wave Fashion Ltd is a small, active company based in Harrow On The Hill, UK, founded three years ago in 2021. With £430,905 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Weisz Jonathan Barna. The business operates in the retail sale of clothing in specialised stores. While it’s a regular exporter of clothing and accessories, not knitted or crocheted, with 13 months of export activity recorded, it’s an irregular importer, with only two months of import activity.

The company's website is not available, so it's difficult to assess its online presence. It’s likely that the company operates through wholesale or trade shows, rather than direct-to-consumer sales.

Financially, Wave Fashion Ltd presents a mixed picture. Current assets have decreased by 14% to £430,000, while net assets have plummeted 530% to -£530,000—a significant downturn. Bank borrowings have decreased by 1.8% to £6,200, and cash reserves have increased by 460% to £23,000. Trade creditors have increased by 65%, suggesting a reliance on credit from suppliers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp equity drop is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in "Other Debtors" and "Other Inventories" could indicate a shift in business strategy, such as increased sales on credit or a buildup of stock. However, the significant decrease in "Trade Debtors" suggests customers are paying more promptly. It’s possible the company is experiencing some turbulence as it navigates the challenges of importing and exporting, but the increase in cash reserves offers a small glimmer of hope.

Registered in England/Wales under the registration number 13587365, with a registered address at HA2 0HY, England, Harrow On The Hill, Middx, 32 Byron Hill Road.

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