Wdkx Ltd

Wdkx Ltd from Edmonton UK: a small, active company founded nine years ago, employs thirteen people, and holds £978,225 in assets. It’s managed by three directors and owned by Telson Robert Ian. The business regularly imports clothing and accessories – not knitted or crocheted – with thirteen months of import activity recorded, the last in January 2022.

The company operates in the wholesale of clothing and footwear industries. While no website was found, this suggests a business-to-business model, likely supplying retailers rather than selling directly to consumers. It's probable that the company focuses on sourcing and distributing goods rather than maintaining a visible online presence.

Financially, Wdkx Ltd presents a mixed picture. Current assets have fallen by 52%, dropping to £980,000, while net assets and liabilities have increased by 20%, reaching £170,000. Bank borrowings have decreased, which is good, but creditors have significantly dropped by 58%, falling to £810,000 – a positive sign of improved debt management. Trade debtors have fallen too, by 65%, suggesting quicker payments from customers. However, inventories have decreased by 44%, which could indicate lower stock levels or a need to replenish. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) helps it stay nimble, but the decline in current assets is something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited.

The decrease in current assets and the increase in equity, despite the drop in inventories, could be attributed to a focus on streamlining operations and reducing overheads. It’s possible the company has negotiated better terms with suppliers or improved its inventory management practices.

Registered in England/Wales under the registration number 10086798, with a registered address at N18 1SP, United Kingdom, Edmonton, London, 80-82 Pretoria Road North.

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