Workwear World Limited

Workwear World Limited, based in Middlesex, UK, is a small, active company established 31 years ago. With eight employees and £117,507 in assets, it operates from a real address and is led by three directors and one owner. The company runs an e-commerce site and enjoys a solid 4.0 Google rating from 70 reviews. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import operation taking place two months ago in July 2022.

The business specializes in the retail sale of clothing and footwear, catering to a niche market. While the company website isn't available to analyse, the business model appears to be a blend of online sales and potentially a physical presence in Stanmore, given its registered address.

Financially, Workwear World Limited presents a mixed picture. Current assets have decreased by 11%, dropping to £120,000, while trade debtors have increased by 25%, reaching £27,000. Perhaps more concerning is the sharp decline in equity, plummeting 52% to £33,000. Bank borrowings have increased by 2,400% to £29,000, and cash reserves have fallen 7.9% to £52,000. Creditors, however, have risen by 30%, suggesting a need for better management of short-term liabilities. As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it benefits from simplified reporting requirements, and the financial statements are unaudited.

The company’s focus on specialized retail and its e-commerce presence suggest a targeted approach, but the decline in equity and increase in debt raise questions about its long-term financial health. The company's financial data indicates that it is likely burning through cash. While it’s too early to draw definitive conclusions, Workwear World Limited faces challenges in maintaining its financial stability.

Registered in England/Wales under the registration number 02870816, with a registered address at HA7 1JJ, Middlesex, 441-445 Honeypot Lane, Stanmore.

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