We Twelve Ltd

We Twelve Ltd is a small, active holding company based in London, UK. Founded two years ago in August 2022, the company employs eleven people and holds £138,156 in assets. It operates from a virtual address – 247 other companies are registered at the same location – and is managed by one director and one owner. The company’s primary activity involves wholesale of clothing and footwear, and it functions as an irregular importer, with Footwear and related items being its top import category, last imported two months ago.

The company’s website, hellowearetwelve.co.uk, reveals a different face: a PR, marketing communications, and creative consultancy. They position themselves as driving change for good, creating campaigns that change lives. Their services encompass a wide range of communications mix, targeting behaviour change, generating support for charitable causes, and even helping save lives. The company is based in Worthing, West Sussex, and emphasizes its expertise in behaviour change and positive impact.

Financially, We Twelve Ltd presents a mixed picture. While current assets increased by 76% to £140,000, net assets plunged 94000% to -£1,300,000. Cash bank on hand decreased significantly by 65% to just £1,600. Creditors, however, experienced a massive 1600% increase to £1,400,000, and trade debtors rose by 84% to £140,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial equity decline suggests a potential cash flow challenge. The company is exempt from an audit, and the figures are unaudited.

The sharp increase in creditors, coupled with the decrease in cash reserves, indicates that We Twelve Ltd may be burning through money. It's likely that the company is relying on credit to maintain operations, and the substantial equity loss suggests a need to carefully manage expenses. The consultancy side of the business seems active, but the financial data raises concerns about its long-term sustainability.

Registered in England/Wales under the registration number 14273730, with a registered address at N1 7GU, United Kingdom, London, 20-22 Wenlock Road.

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