Must Wear Designs Ltd

Must Wear Designs Ltd is a small, active company based in Westhill, Scotland, founded three years ago in 2021. With a real registered address and just one employee, the company holds £100,546 in assets. It's a solo-founded operation led by a single director and owner. The business operates as an importer of footwear and related items, with a sporadic import history—just one month of activity recorded as of September 2023.

The company’s website, Must Wear Designs, showcases a vibrant collection of shoes and accessories by Hot Chocolate Design Chocolaticas. The site's focus is clearly retail, offering a wide range of styles, from flats to high heels, and emphasizing free UK delivery. The site’s marketing uses phrases like “Stand out of the crowd” and “Because life is too short to wear boring outfits!”—a clear attempt to appeal to fashion-conscious consumers.

Financially, Must Wear Designs Ltd shows a mixed picture. Cash bank on hand increased by 86% to £64,000, a positive sign, but trade debtors decreased by 55% to £2,300. Net assets increased by 34% to £45,000, while net current assets increased by 35% to £44,000. Accumulated depreciation impairment property plant equipment increased by 150%, and bank borrowings increased by 2,400% to £29,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in bank borrowings and decrease in debtors suggests it may be relying on credit to maintain operations. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Must Wear Designs Ltd appears to be a small, fashion-focused business navigating the challenges of retail. The company’s success will likely depend on its ability to maintain a loyal customer base and manage its finances effectively.

Registered in Scotland under the registration number SC702099, with a registered address at AB32 6NS, Scotland, Westhill, Aberdeenshire, 30 Dawson Drive, Skene.

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