Milly Grace Ltd

Milly Grace Ltd from Malton UK: a small, active company founded four years ago, employs two people, and holds £27,653 in assets. It operates from a virtual address, managed by two directors and three owners, and runs an e-commerce site. The company regularly imports jewelry, precious stones, and metals—eighteen months of import activity recorded, with the last operation in April 2023.

The company’s website, Milly Grace Jewellery, showcases a range of waterproof jewelry—earrings, necklaces, rings, and bracelets—designed for an active lifestyle. The site emphasizes quality materials, a lifetime colour guarantee, and thoughtful packaging. It’s clear that Milly Grace is targeting a younger demographic with its trendy designs and social media presence. The website also highlights a commitment to sustainability, with reusable or recyclable packaging.

Financially, Milly Grace Ltd presents a mixed picture. Accumulated amortisation for intangible assets increased by 43%, reflecting investment in development costs. Bank borrowings decreased by 50%, a positive sign, but cash reserves plummeted 87% to just £980. Creditors decreased by 34%, suggesting better debt management. However, equity dropped significantly—99%—to -£53,000, a worrying trend. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity needs attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite these financial challenges, Milly Grace’s focus on waterproof jewelry and commitment to sustainability positions it well in a competitive market. Whether the company can overcome its current financial pressures and capitalize on its brand appeal remains to be seen.

Registered in England/Wales under the registration number 12639105, with a registered address at YO17 7AA, United Kingdom, Malton, North Yorkshire, 13 Yorkersgate.

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