Maxwell Style Ltd

Maxwell Style UK Ltd, based in Manchester, is a small, active company founded eleven years ago. With seven employees and £1,313,804 in assets, it operates from a real address and is led by a single director and owner. The business is a regular importer and exporter of clothing and accessories made by knitting or crocheting, with 190 months of import activity and five months of export activity recorded.

The company's website reveals a wholesale B2B operation supplying clothing and accessories to retailers. It operates under five distinct brands: UNIQUE21, EXTROVERT, AKARI, AKARISE, and PIULEMER, each with its own unique identity and design focus. The site emphasizes direct wholesale trade, offering a wide range of styles and trends, and even provides support to customers from ordering to delivery. It also offers worldwide shipping and click-and-collect options.

Financially, Maxwell Style UK Ltd presents a mixed picture. Current assets increased by 39% to £1,300,000, while net assets decreased by 8.2% to -£340,000. Cash bank on hand plummeted 76% to just £19,000, and trade debtors ballooned by 52% to £890,000. Creditors, however, decreased by 31% to £1,700,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

The sharp decrease in cash reserves, despite increased assets, suggests the company may be reinvesting heavily in inventory or facing delayed payments. It’s possible the company is growing quickly, but it’s also facing challenges in managing its cash flow. The reliance on debtors to fund operations could be risky.

Registered in England/Wales under the registration number 08579089, with a registered address at M17 1HQ, England, Manchester, Unit 27 The Hives Mosley Road, Trafford Park.

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