Clodagh Mckenna Ltd

Clodagh McKenna Ltd from Newbury UK is a small, active company founded nine years ago. With four employees and £118,448 in assets, it operates from a virtual address, managed by a single director and owner—a solo founder. The company is an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with its last import operation occurring two months ago in August 2022. It’s also described as operating in the other food services industries.

The company’s website, Broadspear, presents a multifaceted brand. It’s primarily an online shop and retail outlet selling high-quality food, catering services, and kitchen and lifestyle essentials. Beyond the retail side, Broadspear encompasses a lifestyle brand with a blog, recipes, and content around gardening, cooking, and entertaining. The site also features a section dedicated to Clodagh McKenna’s appearances on TV shows like ITV’s This Morning, showcasing her fashion and cooking demonstrations. The website is well-designed, featuring a blog, recipes, and even a "ClosCooksquad" email signup for news and growing tips. It’s clear the company is aiming for a lifestyle brand, not just a simple e-commerce site.

Financially, Clodagh McKenna Ltd shows some concerning trends. While cash reserves remain at £12,000, current assets have fallen by 31% to £120,000. Trade debtors have increased by 200% to £16,000, suggesting potential issues with customer payments. More significantly, net assets have dropped 21% to £67,000, and bank borrowings have increased by a staggering 2,400% to £29,000. Creditors have also risen by 110% to £10,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited. The sharp increase in borrowings, coupled with the decrease in assets, suggests the company may be burning through cash—though it’s possible the increased borrowings are linked to inventory purchases to support the growing online business.

Registered in England/Wales under the registration number 10012318, with a registered address at RG14 1QL, England, Newbury, Berkshire, 2 Old Bath Road.

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