Young Fashion Ltd

Young Fashion Ltd, based in London, UK, is a small, active company founded three years ago in June 2021. With five employees and £721,677 in assets, it operates from a virtual address, managed by one director and one owner. The company regularly imports clothing and accessories—not knitted or crocheted—with 17 months of import activity recorded, the last in June 2024. Its core business involves other business support service activities n.e.c. industries.

The company's website is not available, so it’s difficult to determine if it operates as an e-commerce business. However, the description of its activities suggests a broader range of services beyond direct sales.

Financially, Young Fashion Ltd presents a mixed picture. While current assets have increased significantly to £720,000, a rise of 590%, net assets have improved dramatically, rising from -£51,000 to £52,000—a 200% turnaround. However, creditors have also surged, increasing by 320% to £690,000, and cash bank on hand has fallen by 46% to £45,000. Trade debtors have exploded, rising by 3,900% to £620,000, which could indicate a reliance on outstanding payments or perhaps aggressive sales tactics. 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 large increase in creditors and debtors warrants closer scrutiny. No auditor is mentioned, likely due to its small size and exemption from an audit.

The company’s financial statements, prepared using VT Final Accounts software, indicate a focus on managing short-term liabilities. While the dramatic improvements in net assets are encouraging, the substantial increase in debt suggests a need to carefully monitor cash flow and ensure timely collections. The company’s reliance on retained earnings accumulated losses, and the lack of any mention of a business plan, could also be a concern.

Registered in England/Wales under the registration number 13436374, with a registered address at W1T 5DB, England, London, 35 Grafton Way.

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