Melyr Ltd

Melyr Ltd from Birkenhead UK: a small, active company founded two years ago, boasts £226,910 in assets. It’s a family business with two directors and owners, operating an e-commerce site and importing clothing and accessories made by knitting or crocheting – though only for a month or so recently. The company is registered at a real address and employs no staff.

The website, Melyr, showcases a range of flattering tops, high-waisted trousers, and curve clothing, emphasizing stretch fabrics and a modern aesthetic. It offers free UK delivery and European shipping, and features a blog and outlet section. The site’s design is clean and user-friendly, with a focus on showcasing the clothing through high-quality images and detailed product descriptions. They even have a section dedicated to “Spring Essentials,” suggesting a seasonal focus.

Financially, Melyr Ltd presents a mixed picture. While current assets have increased significantly, reaching £230,000, net assets have declined by a substantial 100%, now standing at -£140,000. Cash bank on hand has fallen dramatically, dropping 82% to just £13,000. Borrowings have also increased, rising by 2,400% to £29,000. Creditors, however, have increased by 150% to £380,000, which could indicate increased supplier relationships. The company’s small size – meeting two of three conditions for being considered small – helps with agility, but the decline in equity is a concern. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s reliance on irregular imports, coupled with the financial strain, suggests it’s navigating a challenging landscape. The family-run nature and e-commerce focus, however, provide a foundation for potential growth – if they can manage their finances effectively.

Registered in England/Wales under the registration number 14132697, with a registered address at CH41 9HH, England, Birkenhead, 92 Appin Road.

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