Atlantic Mill Ltd

Atlantic Mill Ltd is a small, active company based in Old Trafford, UK, founded four years ago in February 2021. It employs just one person and holds £136,741 in assets. With two directors and two owners, and a real registered address shared by four other companies, it’s a modest operation. The company is a irregular importer, bringing in clothing and accessories made by knitting or crocheting for one month, with the last import occurring in June 2022. It’s also an irregular exporter, shipping various textile products, used clothing, and rags for one month, with the last export in September 2024. The company operates in the wholesale of clothing and footwear, and acts as agents involved in the sale of textiles, clothing, fur, footwear and leather goods.

The company's website is currently unavailable, making it difficult to assess its online presence or e-commerce activities.

Financially, Atlantic Mill Ltd presents a mixed picture. While current assets have increased by 16% to £140,000, cash reserves have plummeted 70% to £7,700. Bank borrowings have increased, and creditors have risen significantly—suggesting the company is relying more on credit. Trade debtors have decreased, which could indicate improved collection efforts, but it could also mean a reduction in sales. The company’s employee count has increased from one to four, which is a positive sign, but it also means increased payroll expenses. The company’s net assets remain stable at £100,000, but the decrease in cash and increase in debt are concerning. The company is small, meeting two of the three criteria for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

Overall, Atlantic Mill Ltd appears to be facing some financial challenges, potentially burning through cash to fuel growth. The increase in debt and decrease in cash reserves suggest the company is relying on external funding to sustain its operations. However, the increase in employee count and the decrease in trade debtors indicate the company is actively working to improve its performance.

Registered in England/Wales under the registration number 13175136, with a registered address at M16 0QQ, United Kingdom, Old Trafford, Manchester, 11 Warwick Road.

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