Wax London Ltd

Wax London Ltd is a small, active company based in London, UK, founded ten years ago in 2015. With 20 employees and £3,592,731 in assets, it operates a successful e-commerce site focused on wholesale and retail clothing. The company has two directors and two owners, with a solo founder at the helm, and maintains a real registered address. It regularly imports and exports clothing and accessories, excluding knitted or crocheted items, with 146 months of import activity and 184 months of export activity recorded.

The company's website showcases a wide range of menswear, including overshirts, suits, knitwear, and accessories. It ships worldwide, calculating duties at checkout and offering currency options for various countries. The site emphasizes British craftsmanship and sustainability, with a focus on quality and character. It also features a journal with style guides and stories, highlighting the brand's commitment to fashion and lifestyle.

Financially, Wax London Ltd shows some concerning trends. While current assets increased by 68% to £3,600,000, net assets declined by 53% to -£1,000,000. Bank borrowings increased by 2.1% to £1,100,000, and cash reserves decreased by 21% to £400,000. Creditors increased by 8.2% to £4,700,000, and trade debtors rose by 230% to £2,100,000. 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 agile, but the significant equity drop and increased debt raise questions. Financial commitments also increased by a staggering 810%, reaching £200,000. With no auditor mentioned, the figures rely on unaudited statements.

The increase in trade debtors could be due to offering more credit to customers, or it could indicate challenges in collecting payments. The decrease in equity suggests the company may be burning through cash faster than it's generating revenue, or perhaps it has been reinvesting heavily in growth. Despite these challenges, Wax London Ltd appears to be a dynamic brand with a strong online presence and a commitment to quality—but its long-term financial health will depend on its ability to manage its debt and improve its profitability.

Registered in England/Wales under the registration number 09521325, with a registered address at NW1 0AP, England, London, First Floor, 10-11 Greenland Place.

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