Miowne Ltd

MiOwne Ltd is a small, active e-commerce company based in London, UK, founded two years ago. With a single employee and £521 in assets, it operates from a virtual address shared by many other businesses. The company is led by a solo founder, Adomako Lilia Joy, who also serves as its director and owner. MiOwne specializes in retail sales via mail order and the internet, offering sunglasses and accessories with a focus on style and confidence.

The company’s website, MiOwne, showcases a range of sunglasses with names like “Heartbreak Hotel” and “Good Vibez Only,” emphasizing a trendy and youthful aesthetic. It highlights sustainable practices, using eco-friendly materials and partnering with responsible manufacturers. The site also features customer testimonials praising the quick delivery and stylish designs. It’s a modern e-commerce operation, clearly focused on visual appeal and customer engagement.

Financially, MiOwne Ltd presents a mixed picture. Current assets increased by 71% to £520, but net assets declined by 140% to -£15,000. Cash reserves plummeted 99% to just £1, a significant drop. Creditors increased substantially by 130% to £16,000, suggesting the company is relying more on borrowed funds. Debtors also rose by 260%, which could mean slower customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the large net loss indicates it’s burning through cash. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, MiOwne Ltd is a startup facing challenges. While its e-commerce site looks promising and has a strong brand identity, the financial data suggests it’s struggling to achieve profitability. It’s a risky situation, but the company’s focus on a specific niche and its commitment to sustainability could provide a path to long-term success.

Registered in England/Wales under the registration number 14149826, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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