Milny Parlon Limited

Milny Parlon Limited, based in London, UK, is a small, active company established five years ago. With two employees and £111,154 in assets, it operates from a real address in Canary Wharf. The company, owned and directed by Lenkevicius Simonas and Stockute Daiva, runs an e-commerce site and has garnered a perfect 5.0 Google rating from twelve reviews. It’s an irregular exporter, primarily dealing in footwear and related items, with its last export operation recorded a couple of years ago in October 2021.

The company’s website, while not providing extensive details, suggests a focus on fashion design, with mentions of a "fashion designer in London." It operates in the retail sale via mail order houses or via internet, and also engages in other service activities not elsewhere classified. The registered address is shared with two other companies, indicating a potentially cost-effective business arrangement.

Financially, Milny Parlon Limited shows a mixed picture. Current assets have decreased by 10% to £110,000, while net assets have fallen by 15% to £53,000. Bank borrowings remain steady at £25,000, but cash reserves have declined by 53% to £33,000. Creditors have increased by 68%, and trade debtors have fallen significantly. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity is a cause for some concern. Depreciation on computer equipment increased by 22%, while furniture fittings saw a substantial 90% increase, which could be related to website upgrades or office improvements. There is no auditor mentioned, meaning the accounts are unaudited.

Overall, Milny Parlon Limited appears to be navigating a period of change. While its e-commerce presence is strong, the financial data suggests a need to manage expenses and potentially explore new revenue streams.

Registered in England/Wales under the registration number 12212784, with a registered address at E14 4BS, United Kingdom, London, Apartment 4006, 1 Newfoundland Place, Canary Wharf.

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