Move Online Retail Ltd

Move Online Retail Ltd from Manchester UK: a small, active company founded eighteen years ago in 2007, employs fifty people, and holds £3,709,803 in assets. Based at a real address, it’s managed by three directors and owned by two individuals. The company operates an e-commerce site and regularly imports and exports clothing and accessories made by knitting or crocheting—nineteen months of import activity and thirty-four months of export activity recorded.

The company’s core business involves retail sale via mail order houses or via internet, and it’s clear that the company is focused on this area. The website, while not detailed, suggests a focus on online sales of knitted and crocheted goods.

Financially, Move Online Retail Ltd presents a mixed picture. Current assets increased by 21%, reaching £3,700,000, while net assets rose by 25% to £1,400,000. Bank borrowings decreased by 21%, settling at £220,000, and cash reserves saw a dramatic increase of 11,000%, reaching £220,000. Creditors also increased by 35%, reaching £2,200,000. 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 rise in creditors suggests a need to manage debt. No auditor is mentioned, likely due to the company’s exemption as a small business.

The increase in cash reserves is a positive sign, but the rise in creditors warrants attention. The company’s continued focus on importing and exporting knitted and crocheted goods, combined with its e-commerce presence, positions it within a niche market—though the long-term sustainability of this strategy remains to be seen.

Registered in England/Wales under the registration number 06105698, with a registered address at M90 5AD, United Kingdom, Manchester, 4d Sunbank Lane, Airport City.

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