Youswim Limited

Youswim Ltd from London UK: a small, active company founded nine years ago, employs ten people, and holds £2,425,420 in assets. It operates from a real address and is led by two directors and two owners, running an e-commerce site. The company regularly exports clothing and accessories, not knitted or crocheted, with four months of export activity recorded.

The website, Youswim, showcases a range of comfortable swimsuits, emphasizing their versatility and fit. It highlights the "Versoform" fabric, designed to adapt to different body shapes and sizes. The site’s design is modern and visually appealing, with a focus on product photography and clear messaging. The site also features a blog with content related to body positivity and sustainable fashion—a nice touch.

Financially, Youswim Ltd shows some concerning trends. Current assets have decreased by 21%, dropping to £2.4 million, while net assets have fallen 23%, now at £1.7 million. Bank cash reserves have plummeted 86%, leaving just £41,000 on hand. Trade debtors have also decreased by 29%, suggesting that customers are paying slower. However, creditors have decreased by 15%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp equity drop raises questions about its financial health. The accounts are unaudited, a common practice for small companies.

The company's reliance on e-commerce and its focus on comfortable, adaptable swimwear suggest a strong brand identity. However, the declining cash reserves and overall net asset decrease indicate that Youswim Ltd needs to carefully manage its finances to ensure its long-term sustainability. The lack of an auditor mentioned is not unusual, but the unaudited figures do require a cautious interpretation.

Registered in England/Wales under the registration number 10005882, with a registered address at E2 7PR, England, London, Unit 3 Printing House Yard.

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