Workwear Clearance Ltd

Workwear Clearance Ltd, based in West Bromwich, UK, is a small, active company established eight years ago. Employing just two people, it holds £22,843 in assets and operates a real address alongside three directors and one owner. The company’s focus is on manufacturing and retail, encompassing workwear, women’s outerwear, underwear, and online sales.

The company’s website, Workwear Solutions, showcases a wide range of workwear, footwear, accessories, and PPE, with an emphasis on brands like Snickers and Dewalt. It offers in-house embroidery services and caters to commercial and industrial customers, with a focus on competitive pricing and fast customer support. The site also features a print room offering business cards and printed folders.

Financially, Workwear Clearance Ltd’s recent performance presents a mixed picture. Net assets declined by 42%, falling to -£15,000, while bank borrowings decreased by 10%, settling at £25,000. Cash reserves, however, plummeted 110%, ending at -£4,800—a concerning trend. Creditors also saw a significant drop, decreasing by 59%, to £4,700. Despite these challenges, net current assets improved substantially, rising by 350% to £10,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in equity warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's focus on online sales and a wide range of products suggests an attempt to diversify, but the financial data indicates a need for careful management. The decrease in cash reserves, in particular, is a point of concern.

Registered in England/Wales under the registration number 10294033, with a registered address at B70 0SU, England, West Bromwich, Unit 3 Siddons Factory Estate, Howard Street.

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