We Are Nations Limited

We Are Nations Limited is a small, active company registered in London, UK, with a trading status. Founded seven years ago in 2018, it employs just two people and holds £97,399 in assets. The company operates from a virtual address – registered at an address shared by seventy-six other businesses – and is run by two directors and two owners, with a solo founder at the helm. It's a retail business operating via mail order and internet sales.

The company is a regular importer of clothing and accessories that aren't knitted or crocheted, with eleven months of import activity recorded, the latest in December 01, 2023. It also exports clothing and accessories made by knitting or crocheting, with five months of export activity, the last in July 01, 2023. While the company’s website isn’s available, it's clear that it’s focused on the retail sector.

Financially, We Are Nations Limited is showing some concerning trends. Current assets have fallen significantly by 43% to £97,000, and net assets have plummeted 33% to -£590,000. Bank borrowings have increased to £49,000, and cash reserves have fallen to £31,000. Creditors have risen by 51%, and trade debtors have fallen by 80%. 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 sharp decline in equity is a red flag. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s losses deepened to -£590,000, and the increase in bank borrowings suggests that it’s relying on external financing to cover its expenses. It’s possible that the company is struggling to generate enough revenue to cover its costs, or that it’s investing heavily in marketing and sales. The company’s financial situation is precarious, and it will need to take steps to improve its profitability if it wants to survive.

Registered in England/Wales under the registration number 11289209, with a registered address at NW8 0DL, United Kingdom, London, 55 Loudoun Road St. John's Wood.

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