Y&l Apparel Ltd

Y&l Apparel Ltd is a small, active company based in Manchester, UK, founded two years ago. With two employees and £92,121 in assets, it’s a solo-founded operation led by a single director and owner. The company regularly exports leather goods, travel bags, and animal harnesses, with 20 months of export activity recorded, the latest in July 2024.

The company’s website, YL Products Ltd, paints a picture of a business deeply rooted in British manufacturing. Established in 2005, it sources high-grade materials for industry, working closely with award-winning organizations. It focuses on reducing costs and increasing profitability for customers while maintaining a positive environmental impact. The website also highlights a partnership with W. Metcalfe Sons for UK transportation and mentions a venture into piano restoration, hinting at a diverse range of activities.

Financially, Y&l Apparel Ltd presents a mixed bag. Current assets have decreased by 9.5% to £92,000, while merchandise has increased by a substantial 29% to £54,000. Cash bank on hand has dropped significantly by 63% to £6,300. Trade debtors have fallen by 26%, which is a positive sign, but accrued liabilities have increased by a whopping 480%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in cash reserves and increase in liabilities are concerning. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Y&l Apparel Ltd seems to be navigating a period of change. While its export business remains active, the financial data suggests the company is burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen, but it’s clear that careful management will be crucial for its continued success.

Registered in England/Wales under the registration number 14095815, with a registered address at M1 5AN, England, Manchester, Y&L Apparel Ltd Spaces Peter House, Oxford Street.

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