Milo Croton Limited

Milo Croton Limited is a small, active company based in Bath, UK, founded three years ago in July 2021. With five employees and £87,557 in assets, it’s a solo-founded operation run by a single director and owner. The company operates in the retail sale via mail order houses or via internet industries. Its registered address, while seemingly real, is likely virtual, as twelve companies share the same location at 37 Great Pulteney Street.

The company’s website, Milo Croton, showcases a range of products, though specifics are hard to discern. It appears to be an e-commerce venture, though the site’s design and product selection suggest a niche market. It’s unclear if the business has a physical storefront or relies solely on online sales.

Financially, Milo Croton Limited shows some encouraging trends. Cash reserves increased by a substantial 140% to £40,000, a positive sign of improved liquidity. Creditors decreased by 63%, suggesting better management of short-term liabilities. Current assets also saw a significant boost, rising 270% to £88,000. However, equity remains in the negative, with a loss of £34,000, although this is an improvement from the previous year’s -£130,000. Trade debtors increased considerably, rising 600% to £48,000, which could indicate delayed customer payments or a strategic move to offer more credit.

Being a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), Milo Croton benefits from flexibility. The accounts were prepared by Pearson May, and an accountant’s report was included, though no full audit was conducted. While the company is burning money, it’s doing so at a slower rate than before, and the increase in cash reserves is a welcome development. The company’s focus on online retail and its lean structure should allow it to adapt to changing market conditions—but the negative equity remains a concern.

Registered in England/Wales under the registration number 13514506, with a registered address at BA2 4DA, United Kingdom, Bath, Avon, 37 Great Pulteney Street.

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