Mile Deep Ltd

Mile Deep Ltd, based in Crewe, UK, is a small, active company founded five years ago. With a single employee and £22,470 in assets, it operates an e-commerce site and enjoys a stellar 5.0 Google rating from 104 reviews. The company is led by two directors and two owners, and its registered address is a real one, shared by only two other businesses.

Mile Deep Ltd specializes in detailing products, offering a range of cleaners, enhancers, and protection kits. Its website showcases a passion for sustainable car care, with biodegradable materials, bioplastic containers, and recyclable packaging. The site also features blog content and a focus on customer reviews, reinforcing its commitment to quality and expertise. They even offer a "Pick Mix" option, allowing customers to build their own detailing kits.

Financially, Mile Deep Ltd presents a mixed picture. While its current assets remained steady at £22,000, net assets declined significantly, dropping to -£290,000. Creditors increased by 22%, reaching £320,000, suggesting a reliance on short-term financing. Cash reserves, however, saw a healthy 29% increase to £2,600. The company’s small size—meeting two of three criteria for a small business—allows for agility, but the negative equity is a concern. As a small company, it’s likely exempt from an audit, and the figures are unaudited.

The increase in creditors and the negative equity suggest Mile Deep Ltd may be burning through cash to fuel its growth, but the positive reviews and expanding product range indicate a potentially successful niche business.

Registered in England/Wales under the registration number 12240343, with a registered address at CW1 3TJ, United Kingdom, Crewe, Cheshire, Unit 5 Underwood Business Park, Underwood Lane.

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