Westmark Retail Ltd

Westmark Retail Ltd is a small, active company based in London, UK, founded six years ago in 2018. With just one employee and £3,617 in assets, it operates from a virtual address shared by many other businesses, a common situation. The company is run by two directors and a solo founder, with one owner reported (though this may not be exhaustive). It runs an e-commerce site and regularly imports clothing and accessories made by knitting or crocheting, with 5 months of import activity recorded. It also exports these items, though less frequently, with just 2 months of export activity.

The company’s website, Westmark London, showcases a sustainable streetwear brand with a wide range of clothing and accessories for both men and women. The site emphasizes organic cotton and responsible sourcing, targeting environmentally conscious consumers. It’s a well-designed platform with clear product categories, size guides, and international shipping options. The brand has a strong visual identity and a focus on creating a community around sustainable fashion.

Financially, Westmark Retail Ltd shows a mixed picture. Cash reserves fell by 83%, dropping to a meagre £530, while bank borrowings increased by 5%, reaching £10,000. Creditors rose by 15%, reaching £56,000, and trade debtors jumped significantly by 7800%, reaching £1,600. The company’s small size (meeting two of three criteria for being a small company) helps it remain nimble, but the decline in cash and the increase in debt suggest it’s burning through money. The unaudited figures, prepared by Alton & Co, rely on director-reported data, and the company is exempt from an audit.

It seems like Westmark Retail Ltd is navigating the challenges of a growing e-commerce business. While its sustainable brand and well-designed website are promising, the financial data indicates a need for careful cash flow management. The company's virtual address and reliance on owner-reported financials also raise questions about its long-term stability.

Registered in England/Wales under the registration number 11582580, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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