Millbry Hill Limited

Millbry Hill Limited, based in Middlesbrough, UK, is a sizable company operating as a holding company with an active status. Founded four years ago in 2020, it employs seventy-one people and holds assets worth £2,842,775. The company generates yearly revenue of £10,549,367, and operates a real address, with two directors and one owner overseeing its operations. It also runs an e-commerce site and regularly imports clothing and accessories made by knitting or crocheting, with the last import activity occurring three months ago in September 2022.

The company’s core business involves the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles, as well as clothing in specialized stores. It also engages in retail via stalls and markets, and mail order houses or via the internet. Its website showcases a broad range of products, highlighting its commitment to providing quality goods to outdoor enthusiasts and families.

Financially, Millbry Hill Limited presents a mixed picture. While revenue increased by 5.4% to £11 million, net assets remained relatively stable at £460,000. Cash reserves, however, decreased by 23% to £970,000. Trade debtors increased by 18%, suggesting a possible shift in payment terms or a larger volume of sales on credit. Creditors also rose by 26%, indicating increased reliance on short-term financing. The company meets the criteria for a large company, having met two of three conditions, with turnover exceeding £36 million and a balance sheet total exceeding £18 million. The lack of auditor information suggests that the company is exempt from mandatory auditing.

Despite the fluctuating financials, Millbry Hill Limited appears to be a resilient player in the retail sector, adapting to market trends and continuing to serve its customer base. The company’s long-term success will likely depend on its ability to manage its finances effectively and capitalize on emerging opportunities in the outdoor recreation market.

Registered in England/Wales under the registration number 12579020, with a registered address at TS9 5NZ, United Kingdom, Middlesbrough, Cleveland, Mount Pleasant Way Stokesley Business Park, Stokesley.

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