Mo'bay Clothing Ltd

Mo Bay Clothing Ltd, based in Plymouth, UK, is a small, active company established a decade ago in 2014. Despite its longevity, the business faces some financial challenges, with accounts and confirmation statements overdue for three years. The company holds £16,449 in assets and operates from a virtual address, registered to a single director and owner—a solo founder. It runs an e-commerce site and regularly imports clothing and accessories, excluding knitted or crocheted items, with the last import activity occurring six months ago.

The company's website, The Bay Company, showcases a range of premium quality clothing and homeware goods inspired by the Yorkshire Coast. It offers a variety of products, including hoodies, t-shirts, diffusers, and reed diffusers, with a focus on design and fragrance. Customer reviews are overwhelmingly positive, praising the quality, service, and value for money. The website also features a blog with content related to safety solutions.

Financially, Mo Bay Clothing Ltd presents a mixed picture. While bank borrowings increased by 17%, cash reserves saw a significant boost, growing by 850%. However, retained earnings and accumulated losses decreased by 9.4%, and trade creditors increased by 1000%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor’s report, typical for small companies, means these figures are unaudited.

The company's reliance on a virtual address and the substantial increase in trade creditors suggest potential cash flow pressures. The positive customer feedback and online presence, however, indicate a strong brand and market appeal. It’s unclear if the company is burning through money or simply reinvesting in its business—but for now, Mo Bay Clothing Ltd seems to be navigating a challenging financial landscape with a focus on customer satisfaction and online sales.

Registered in England/Wales under the registration number 09367936, with a registered address at PL1 1SB, England, Plymouth, Suite 3 91 Mayflower Street.

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