Adora Swim Ltd

Adora Swim Ltd from Reading UK: a small, active company founded five years ago, holds £14,166 in assets, and operates from a virtual address. It’s a limited company with two directors and two owners, running an e-commerce site and irregularly importing clothing and accessories made by knitting or crocheting—just one month of imports was recorded as of June 2024.

The company’s website, adoraswim.com, showcases a range of sustainable swimwear and clothing, emphasizing ethical practices and stylish designs. It's a vibrant online store with a focus on the “Sommerfugl Effekt” (butterfly effect) collection, inspired by life’s unpredictability, and the “Musa Del Mare” line, highlighting daring silhouettes. The site highlights its use of ECONYL yarn, a regenerated nylon fibre made from waste materials, and offers a range of sizes and styles.

Financially, Adora Swim Ltd’s recent report shows a mixed picture. Current assets increased by 130% to £14,000, which is good, but net assets decreased by 18% to -£73,000. Bank borrowings increased by 51% to £34,000, and cash reserves fell 87% to £5,900. Trade debtors increased significantly by 180% to £8,300, which could indicate delayed payments or an expansion of credit terms. The company meets the criteria for a small business—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit.

While the e-commerce side appears to be active and focused on sustainable practices, the financial data suggests the company is burning through cash. Whether this is typical for a growing business or a sign of deeper challenges remains to be seen, but Adora Swim Ltd seems to be betting on its niche market and ethical approach to sustain its growth.

Registered in England/Wales under the registration number 12336261, with a registered address at W6 0NB, United Kingdom, London, The Office Group, C/O Addition Finance Limited, 1 Lyric Square.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.