Milam London Ltd

Milam London Ltd, based in London, UK, is a small, active company founded just four years ago in May 2020. It employs two people and holds £50,366 in assets, operating from a virtual address shared by many other businesses. The company is led by a single director and owner, Mestan Alper Ziya, and boasts a perfect 5.0 Google rating from two reviews. Milam London Ltd is a regular importer, specializing in textile products, sets, used clothing, and rags, with seven months of import activity recorded up to October 2024.

The company’s website, Milam London, focuses on selling throw blankets, bedspreads, and sofa covers, offering a wide range of colours and styles through collections like Sidney, Herringbone, and Waffle. It positions itself as offering comfort, durability, and timeless elegance, with a focus on customer service and fast delivery. The site also highlights its curated selection and exclusive welcome offers, aiming to attract and retain customers.

Financially, Milam London Ltd presents a mixed picture. Current assets have significantly dropped by 49%, falling to £50,000, while net assets have also decreased, now at £18,000. Bank borrowings remain stable at -£11,000, but cash reserves have declined by 16%, sitting at £20,000. Creditors have been reduced by 46%, to £45,000, suggesting improved debt management. However, other creditors have increased by 130%, to £34,000, and trade debtors have plummeted by 81%, to just £4,600. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Milam London Ltd seems to be facing some financial headwinds, with declining assets and increased expenses. It's a small business with a strong online presence, but its long-term viability will depend on its ability to manage its finances and maintain customer satisfaction.

Registered in England/Wales under the registration number 12627350, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, First Floor.

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