Mr Start Ltd

Mr Start Ltd, based in Lancing, UK, is a small, active company founded thirteen years ago in 2011. With five employees and £31,212 in assets, it operates from a virtual address – a point to note as 104 other companies are registered at the same location. The company is led by four directors, including Philip Start Grant, who is also the sole owner. It runs an e-commerce site and regularly imports and exports clothing and accessories, not knitted or crocheted, with eight months of import activity and three months of export activity. Google reviews are stellar, boasting a 5.0 rating from 68 reviews.

The company's website showcases a bespoke tailoring and clothing business, specializing in luxury suits and tailored clothing for men and women. It highlights a long history of fashion expertise, tracing back to Philip Start's involvement with renowned retailers like Garrards and Woodhouse. The site emphasizes a "creator of luxury contemporary made to measure suits" and features distinct suit styles like the Rivington, Pitfield, Hoxton, and Leonard, each with unique design elements and fits. The website also offers a custom-made service, allowing clients to design their own suits with a wide selection of fabrics and details.

Financially, Mr Start Ltd's report reveals a concerning trend. Current assets have plummeted by 66%, dropping to £31,000, while net assets have also decreased significantly, falling 91% to just £4,500. Bank borrowings have remained stable, however, cash reserves have taken a severe hit, decreasing 76% to £18,000. Creditors have also decreased significantly, which could be a positive sign of improved debt management. The company meets two of the three criteria to be classified as a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Mr Start Ltd appears to be facing financial headwinds, with a significant drop in assets and cash reserves. While its e-commerce site and reputation for bespoke tailoring remain strong, the company will need to address these financial challenges to ensure its long-term sustainability.

Registered in England/Wales under the registration number 07729994, with a registered address at BN15 8AF, England, Lancing, West Sussex, Office Ff10 Brooklands House, 58 Marlborough Road.

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