Maggie Sottero Designs Ltd

Maggie Sottero Designs Ltd, based in Wirral, UK, is a small holding company with an active status, celebrating 26 years in business. Employing 20 people, the company holds £3,344,558 in assets and operates from a real address. Led by two directors and a single owner, it functions as a regular importer and exporter of clothing and accessories, excluding knitted or crocheted items – 187 months of imports and 9 months of exports recorded.

The company’s website, Maggie Sottero, focuses on wedding dresses and bridal gowns, suggesting a wholesale or distribution role within the bridal industry. This aligns with the company’s wholesale of clothing and footwear industries.

Financially, Maggie Sottero Designs Ltd’s report reveals a mixed picture. Current assets decreased by 4.4% to £3,300,000, while net assets remained stable at £2,900,000. Cash reserves took a hit, dropping 28% to £150,000. Trade debtors increased by 4.3% to £720,000, indicating potential growth in sales, but also a risk of delayed payments. Interestingly, bank borrowings decreased significantly by 13%, suggesting improved financial management. The company’s size (meeting two of three conditions for a small company) allows for flexibility, but the drop in cash reserves warrants attention. Depreciation for motor vehicles decreased by 34%, which could be due to fewer new purchases or a change in depreciation methods. The report was audited by Sawford Bullard, and the financial statements are prepared in compliance with Section 1A of FRS 102.

Overall, Maggie Sottero Designs Ltd appears to be navigating a period of change, with signs of both growth and financial pressure. The company’s focus on the bridal industry and its established import/export operations position it for continued success, but careful monitoring of cash flow and debt management will be crucial.

Registered in England/Wales under the registration number 03704573, with a registered address at CH62 3RB, United Kingdom, Wirral, Merseyside, Unit 2 Skiddaw Road Croft Business Park, Bromborough.

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