Milliemae Limited

Milliemae Limited, based in Newcastle Under Lyme, UK, is a small, active family business founded three years ago. With two employees and £100,137 in assets, it operates an e-commerce site specializing in the regular import of clothing and accessories—excluding knitted or crocheted items—with 11 months of import activity recorded. The company has two directors and two owners, and its registered address is real, shared by seven other companies.

The company’s website showcases a collection of maternity and baby clothing, including matching robe and swaddle sets, alongside a line of "magic dresses" supporting various charities. It also features a unique venture: a business selling and restoring pianos, operating under the name 1066 Pianos. This division, established in 1975, boasts a showroom in Harrods and specializes in museum-grade restorations.

Financially, Milliemae Limited’s numbers present a mixed picture. Current assets increased by 18% to £100,000, but net assets decreased by 15% to £3,700. Cash bank on hand dropped 20% to £20,000, while creditors increased by 20% to £98,000. Trade debtors have risen significantly by 46%, and other taxation and social security payable increased by 130%. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity is something to watch. No auditor is mentioned, so the financial statements are unaudited.

The business seems to be holding its own, but the piano restoration side offers a higher-margin opportunity. It will be interesting to see if Milliemae can leverage this to improve its overall financial performance.

Registered in England/Wales under the registration number 13901682, with a registered address at ST5 7JB, United Kingdom, Newcastle Under Lyme, Lymore Villa 162a London Road, Chesterton.

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