Mami Wata Limited

Mami Wata Limited is a small, holding company based in London, UK, with an active trading status. Founded seven years ago in 2018, the company holds £192,191 in assets and operates from a real address at 4 Wilkes Street. It’s managed by two directors and one owner, with a focus on importing clothing and accessories – excluding knitted or crocheted items – for three months, the last operation in May 2022.

The company’s website, African Surf Clothing, showcases a vibrant brand selling surf clothing and accessories with a strong African influence. It operates primarily as an e-commerce business, offering a range of tees, shirts, shorts, and other apparel featuring unique graphics and designs. The site highlights the brand’s commitment to celebrating African culture and promoting a lifestyle centered around surfing and adventure. It's clear that the business is focused on direct-to-consumer sales, with a focus on South Africa, the USA, and the rest of the world.

Financially, Mami Wata Limited presents a mixed picture. While bank borrowings have decreased significantly, dropping by 100%, cash reserves have also plummeted by 92%, leaving only £160. Current assets have fallen by 22%, to £190,000, and net assets are down 17%, standing at -£700,000. Creditors have increased by 50%, reaching £110,000, and trade debtors have fallen by 41%, to £8,900. The company is small, meeting two of the three conditions for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and the lack of an auditor suggests it’s operating under the small companies' regime. The significant drop in equity, however, suggests the company may be burning through cash, and the increase in creditors indicates a need to manage its short-term liabilities.

Registered in England/Wales under the registration number 11212916, with a registered address at E1 6QF, England, London, Wilkes Street, 4 Wilkes Street.

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