Muzungu Sisters Limited

Muzungu Sisters Ltd from London UK: a small, active company founded 14 years ago, employs four people, and holds £714,598 in assets. It operates from a real address and is led by two directors and two owners, running an e-commerce site with a Google rating of 4.0 based on five reviews. The company regularly imports and exports clothing and accessories, not knitted or crocheted, with 54 months of import activity and 30 months of export activity.

The company's website showcases a vibrant collection of women's and men's clothing, accessories, and homeware, with a strong emphasis on artisan-made goods from around the world. It offers a wide range of products, from dresses and tops to shawls and home décor, catering to a global customer base. The site's design is visually appealing, and the product descriptions are detailed, highlighting the unique craftsmanship and ethical sourcing of the items. It’s a really nice site, and easy to use.

Financially, Muzungu Sisters Ltd presents a mixed picture. Current assets have decreased by 30% to £500,000, while net assets have fallen by 41% to £270,000. Cash bank on hand has seen a significant drop, decreasing by 38% to £230,000. Trade debtors have also decreased by 19%, suggesting better collection of payments. However, creditors have increased by 13%, and other creditors have doubled, which could indicate increased reliance on short-term financing. 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 flexibility, but the decline in equity raises concerns. There’s no auditor mentioned, which is common for small companies.

The company’s focus on ethical sourcing and artisan partnerships is a key differentiator, but the financial trends suggest it's navigating a challenging environment. It’s a really interesting business model, and it will be interesting to see how it evolves.

Registered in England/Wales under the registration number 07491600, with a registered address at W10 5JJ, England, London, Unit 118 Westbourne Studios, 242 Acklam Road.

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