Wetrade Limited

Wetrade Limited is a small, active company based in Bristol, UK, established thirteen years ago in 2011. With nine employees and £1,133,020 in assets, it operates from a real address and is overseen by two directors and two owners. The company regularly imports and exports headgear and accessories, with 82 months of import activity and 27 months of export activity recorded, the latest in January 2025 and December 2024 respectively. It's a private limited company, and its activities include manufacturing men’s outerwear, wholesale trade, and retail sales via mail order and online.

Financially, Wetrade Limited shows a mixed picture. Current assets have increased by 17% to £1,100,000, while net assets have also risen by 17% to £430,000. Bank borrowings have increased significantly by 56% to £45,000, and cash reserves have jumped a substantial 93% to £210,000. Creditors have increased by 18% to £450,000, and trade debtors have decreased by 39% to £130,000. The company’s size qualifies it as small, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The increase in bank borrowings and creditors suggests a need for cash flow management, though the rise in cash reserves is a positive sign. The lack of an auditor mentioned likely reflects its status as a small, exempt company.

The company’s focus on importing and exporting headgear and accessories, combined with its diverse retail channels, indicates a strategy of diversification. The increase in finished goods inventory by 23% to £800,000 suggests a build-up of stock, which could be a response to anticipated demand or a potential risk if sales don’t keep pace. The figures are unaudited, and while the company appears to be operating, careful monitoring of cash flow and inventory levels will be crucial for sustained success.

Registered in England/Wales under the registration number 07805090, with a registered address at BS9 3RY, England, Bristol, 5 Red House Lane.

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