Michele Hope Limited

Michele Hope Limited is a small, holding company registered in Ilford, UK, with an active status. Established fourteen years ago in March 2011, the company employs a single person and operates from a virtual address shared by 304 other businesses. It’s led by one director and one owner, and regularly imports clothing and accessories made by knitting or crocheting—a total of 175 months of import activity recorded up to November 2021.

The company’s website, Michelle Hope Luxury Skin Care, showcases a growing line of essential skincare products, with a focus on inclusivity and catering to diverse skin types. The brand’s “Luxury Signature Collection” is targeted toward women of color, while the “Essential Range” is designed for the whole family. Products are marketed as clean beauty, cruelty-free, and eco-friendly, with packaging made from sustainable, bio-based sugar cane plastic. The website hints at a 2025 launch, promising a range of products and highlighting the founder’s nine years of beauty experience.

Financially, Michele Hope Limited presents a mixed picture. While bank borrowings decreased slightly, cash reserves vanished completely, dropping 100% to zero. Trade creditors rose 5.8% to £84,000, and cash bank on hand dropped 100% to zero. Despite this, the company’s net assets remain at -£120,000, unchanged from the previous year. The company meets two of three criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

It appears that the company is burning through cash, relying on creditors to fund operations. The focus on launching a new skincare line suggests a strategy to generate revenue, but the current financial situation indicates a need for careful management.

Registered in England/Wales under the registration number 07581144, with a registered address at N1 7GU, United Kingdom, London, 20 Wenlock Road.

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