Michelsons Uk Limited

Michelsons Uk Ltd, based in Sittingbourne, UK, is a small, active company established fifteen years ago. With six employees and £2,321,445 in assets, it generates a yearly revenue of £4,337,330. The company, owned by Walker Steve and Xia Zhu Xiao, operates a well-regarded e-commerce site with a perfect 5.0 Google rating based on five reviews. It regularly imports clothing and accessories—not knitted or crocheted—with 472 months of import activity recorded.

The company’s website, Michelsons, specializes in neckwear and accessories, offering a wide range of ties, scarves, bow ties, and other related items. It caters to both retail and corporate clients, with a focus on quality and British craftsmanship. The site features a user-friendly interface, detailed product descriptions, and secure online ordering—hallmarks of a modern e-commerce business. They even offer bespoke club and corporate products.

Financially, Michelsons Uk Ltd presents a mixed picture. While turnover remained relatively stable, dropping slightly to £4.3 million, cash reserves declined by 8.1% to £1.6 million. Administrative expenses increased by 18% to £810,000, and net losses deepened to £220,000. Trade debtors increased by 20%, suggesting delayed customer payments, and creditors decreased by 19%, indicating improved debt management. The company’s small size (meeting two of three conditions for being small) helps it remain agile, but the decline in equity raises questions. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Michelsons Uk Ltd seems to be navigating a competitive market. While the e-commerce site appears active and well-regarded, the financials suggest some financial pressure. Whether the company can maintain its growth trajectory remains to be seen—but for now, Michelsons is betting on its product range and customer service to stay afloat.

Registered in England/Wales under the registration number 07026652, with a registered address at ME10 2TD, Sittingbourne, Kent, Unit J Barge Way Kemsley Fields, Oyo Sittingbourne.

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