Michiko Pearls Ltd

Michiko Pearls Ltd, based in Bradley Stoke, UK, is a small, family-run business with an active status. Founded 31 years ago in 1993, the company employs four people and holds £42,945 in assets. With a real address and three directors, it’s a tight-knit operation. The company is a regular importer, with its top import category being Jewelry, precious stones, and metals, totaling 9 months of imports. The last import operation was conducted on August 01, 2024.

The company operates in the wholesale of household goods (other than musical instruments) n.e.c. industries. Its website is non-existent, which suggests a business-to-business model relying on direct sales rather than a consumer-facing online store.

Financially, Michiko Pearls Ltd shows a mixed picture. Current assets have decreased by 13%, falling to £43,000, while net assets also declined by 17%, settling at -£65,000. Cash reserves have fallen by 28%, reaching £4,000. Bank borrowings have increased, and creditors have decreased significantly, suggesting some improvements in debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity decline raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Michiko Pearls Ltd is facing financial pressure, but its long-standing presence and focus on wholesale suggest a business with established relationships. The lack of a website indicates a reliance on direct sales and personal connections, a strategy that can be both a strength and a vulnerability in today’s digital landscape.

Registered in England/Wales under the registration number 02862615, with a registered address at BS32 4JY, Bradley Stoke, Bristol, Woodlands Grange, Woodlandslane.

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