Westernaffair Ltd

Westernaffair Ltd, based in London, UK, is a small, active company founded five years ago. It boasts £11,891 in assets and operates from a real address, managed by a single director and owner—a solo founder. The company is an irregular importer, primarily dealing in footwear and related items, with just one month of import activity recorded as of October 2023.

The company's website, Westernaffair Ltd, showcases a collection of women's shoes, emphasizing "sustainable luxury." The site features a range of mules, heels, and boots, available in various colors and styles, and offers a pre-order option for samples. It’s clearly an e-commerce business, selling directly to consumers through its online store.

Financially, Westernaffair Ltd presents a mixed picture. While net assets decreased significantly, dropping from £2,000 to just £160, bank borrowings increased substantially, jumping from £0 to £6,900. Cash reserves, however, saw a healthy increase, rising by 140% to £6,200. Trade debtors decreased by 35%, suggesting improved collection of payments, but creditors also rose, indicating increased short-term liabilities. The company meets two of the three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). No auditor is mentioned, likely due to its small size.

The sharp decline in equity and the increase in bank borrowings suggest the company may be burning through cash to fuel growth or manage operational expenses. The increase in cash reserves is a positive sign, but the overall trend warrants close monitoring. It’s possible the company is investing heavily in inventory or marketing to expand its online presence, but the financial data indicates a period of increased pressure.

Registered in England/Wales under the registration number 12123689, with a registered address at E5 8HB, England, London, 8a Clarence Road.

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