Miss Mandalay Ltd

Miss Mandalay Ltd, based in Barnet, UK, is a small, active company founded twenty years ago in 2005. It employs five people and holds £381,212 in assets, operating from a virtual address shared by eighty-nine other companies. The company is run by a solo founder, with one director and one owner, Morton Lorraine. It’s a regular importer and exporter of clothing and accessories, specifically those not knitted or crocheted, with 64 months of import activity and 24 months of export activity recorded.

The company's website, Miss Mandalay, is a vibrant online retailer specializing in lingerie and swimwear, particularly for fuller busts. The site features a wide range of products, from high-waisted briefs to underwired halter tops, with a focus on fit and support. It’s a well-designed e-commerce platform with a blog, size guides, and a lookbook showcasing its Miami-inspired Spring/Summer 2022 collection. The site also offers a "My Miss Mandalay" subscription service and emphasizes customer care.

Financially, Miss Mandalay Ltd presents a mixed picture. Net assets have decreased significantly, dropping 72% to £17,000, while net current assets have fallen 84% to £7,700. Cash reserves have also taken a hit, declining 75% to £23,000. Bank borrowings have increased by 6%, reaching £85,000. Trade debtors have risen by 24%, reaching £320,000, while creditors have increased substantially, rising 91% to £100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity is concerning. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

The company’s financial results indicate it may be burning through cash, although the increase in trade debtors could reflect a strategy to boost sales. The strong online presence and focus on a specific niche (fuller bust swimwear) suggest potential for growth, but managing cash flow will be crucial for its long-term sustainability.

Registered in England/Wales under the registration number 05351191, with a registered address at EN5 5SU, England, Barnet, C/O Lesstax2pay, 169 High Street.

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