Midlands Clothing Limited

Midlands Clothing Ltd from Birmingham UK: a small, active company founded 29 years ago, employs five people, and holds £468,403 in assets. It operates from a virtual address—a bit unusual as eighteen companies are registered there—and is run by three directors, though no owners are officially listed. The company runs an e-commerce site and has a stellar 5.0 Google rating based on a single review. It regularly imports clothing and accessories, not knitted or crocheted, with 35 months of import activity recorded, the latest in October 2024.

The company’s website showcases a wide range of clothing for men, women, and children, including jackets, shirts, fleeces, and tweed. It also offers footwear and accessories, and partners with brands like Regents View, Deerhunter, and Saddle. The site's design is clean and functional, with easy navigation and clear product descriptions—although it could benefit from some modern updates. It’s clear that Midlands Clothing Ltd focuses on country and outdoor wear, catering to a specific niche market.

Financially, Midlands Clothing Ltd presents a mixed picture. Current assets increased by 31% to £620,000, while net assets remained relatively stable at £110,000. Bank borrowings decreased by 97% to £11,000—a positive sign—and cash reserves plummeted 91% to just £1,100. Trade debtors increased by a whopping 100%, suggesting potential issues with customer payments, and creditors rose 47% to £500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant drop in cash reserves warrants attention. No auditor is mentioned, likely due to its small size, so the financial statements are unaudited.

Overall, Midlands Clothing Ltd seems to be a stable, niche business, but the sharp decline in cash reserves and the increase in trade debtors suggest it may be facing some financial pressures. It’s likely the company is managing its debts well, but keeping a close eye on cash flow will be essential for continued success.

Registered in England/Wales under the registration number 03151479, with a registered address at B19 1AY, Birmingham, 91 Soho Hill, Hockley.

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