M.c. Overalls Ltd

Mc Overalls Ltd from London UK: a small, active company founded nine years ago, employs just two people, and holds £63,576 in assets. Operating from a virtual address, it’s managed by three directors and a solo founder, and runs an e-commerce site with a solid 4.0 Google rating from eight reviews. The company regularly imports clothing and accessories (excluding knitted or crocheted items) for 58 months, and has exported for a shorter period of three months.

The company’s website, M.C. Overalls, showcases a range of workwear – dungarees, coats, jackets, and more – targeted at "SelfStarters, Crafters, Creatives." It emphasizes British craftsmanship and heritage, drawing inspiration from original 1900s workwear supplied to the British Armed Forces. The site also highlights a commitment to customer service, offering free shipping and easy returns.

Financially, Mc Overalls Ltd’s recent performance presents a mixed picture. Current assets have decreased significantly by 52% to £64,000, while net assets have plummeted 6.1% to -£1.4 million. Bank borrowings have remained stable, and cash reserves have also decreased by 2.5% to £2,000. Trade debtors have fallen by 61%, which could be a positive sign of improved collection efficiency. However, the substantial loss in equity is a concern. The company, meeting the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), is likely exempt from an audit, relying on unaudited financial statements.

The sharp decline in net assets suggests the company may be burning through cash, although it's difficult to say for sure without more detailed information. It’s possible that increased marketing expenses or investments in new product lines are contributing to the loss. The company’s reliance on a virtual address, while cost-effective, could also raise questions about its long-term stability.

Registered in England/Wales under the registration number 10042464, with a registered address at NW3 6LH, United Kingdom, London, Harben House Harben Parade, Finchley Road.

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