Mr Cloth Ltd

Mr Cloth Ltd is a small, active company based in Chelmsford, UK, founded four years ago in 2020. With a single employee and £53,197 in assets, it operates as a solo-founded e-commerce business with one director and owner, Ciftci Ali. The company’s registered address is a virtual one, shared by 362 other businesses, which is a little unusual. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company’s website, Falcon Products Ltd, is a retailer selling a wide range of products, including baking accessories, pizza tools, and cleaning supplies, catering to both retail and commercial customers. They supply a variety of industries, from bakeries and cafes to industrial manufacturers, and even have a presence in high-end retailers like Harrods. The website highlights a focus on quality, innovation, and family-owned heritage, with a strong emphasis on Italian pizza and pasta tools.

Financially, Mr Cloth Ltd’s recent performance shows some interesting trends. Cash bank on hand increased significantly by 470%, reaching £23,000, while net assets also grew by 290% to £6,800. However, trade creditors increased by 200%, reaching £46,000, which could indicate a reliance on credit from suppliers. Debtors also rose considerably, by 130%, to £30,000, suggesting that customers are taking longer to pay. Despite these changes, the company’s equity grew substantially, by 290%, to £6,800. There was no auditor mentioned, which is common for small companies.

Overall, Mr Cloth Ltd appears to be experiencing growth, but it's important to monitor its debt levels. The company's focus on a diverse product range and strong online presence suggests it has potential, but managing its finances will be key to its long-term success.

Registered in England/Wales under the registration number 12808559, with a registered address at CM3 5NG, England, Chelmsford, Essex, 46 Hullbridge Road, South Woodham Ferrers.

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