Mowalola Ltd

Mowalola Ltd, based in Holborn, London, is a small, active company founded six years ago in 2018. It's a solo founder operation with one director and a single employee, holding assets of £1,844,981. The company operates from a virtual address – registered at an address shared by 228 other companies – and runs an e-commerce site. Mowalola Ltd regularly imports clothing and accessories, not knitted or crocheted, with 6 months of import activity recorded as of September 2024.

The company’s website, Mowalola, showcases a vibrant collection of clothing and accessories, with a strong emphasis on latex and bold designs. It caters to a global audience, offering currency and language options for various countries. The site’s design is striking, reflecting a high-fashion aesthetic, and offers a wide range of sizes. It’s clear the business is targeting a fashion-conscious customer base.

Financially, Mowalola Ltd presents a mixed picture. While current assets have surged by a remarkable 5,400%, reaching £1.4 million, net losses have also deepened by 410%, reaching -£380,000. Bank borrowings have increased significantly, reaching £130,000, and cash reserves have fallen by 5400%, leaving only £140,000. Trade debtors have risen by 81%, suggesting delayed customer payments, and creditors have decreased by 52%, indicating better debt management. 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 substantial equity decline warrants attention. There’s no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Mowalola Ltd appears to be a high-growth business facing challenges in profitability. The surge in assets suggests successful sales, but the deep losses and increased borrowings raise concerns about cash flow. The solo founder model, while efficient, may also be a factor in the company’s financial pressures.

Registered in England/Wales under the registration number 11668453, with a registered address at WC1A 2SL, England, Holborn, London, C/O Cc Young & Co, 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way.

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