My Company Clothing Ltd

My Clothing Company Ltd from Cardiff UK: a small, active company founded 13 years ago, operates with just two employees and holds £37,577 in assets. It’s a real address business, managed by one director and owned by two individuals, and is proudly a family business, boasting a perfect 5.0 Google rating from two reviews. The company imports clothing and accessories, not knitted or crocheted, albeit irregularly, with the last import occurring over four years ago in November 2017.

The company's website, Yours Clothing, is a dedicated e-commerce platform for plus-size women's clothing. It’s a vibrant online store with a wide selection of new arrivals, trending styles, and collections catering to various sizes (14-40). The site offers a comprehensive range of clothing, from tops and dresses to swimwear and lingerie, alongside accessories and footwear. It’s clear the company focuses on online sales, with a large selection of brands and sizes.

Financially, My Clothing Company Ltd has seen some interesting shifts. Cash bank on hand has drastically decreased by 95%, dropping to just £1,000. Trade debtors have increased significantly by 84%, reaching £34,000—this could mean they are extending credit to customers. However, the company’s equity has seen a massive jump, increasing by 130% to £2,200, which is a positive sign. Creditors have also decreased by 39%, suggesting improved management of short-term liabilities. Despite these changes, the company’s net assets liabilities are at £18,000. The company’s small size—meeting two of three conditions for a small business—allows it to remain agile. As a small company, it is exempt from an audit, so these figures are unaudited.

The company’s financial health appears to be a mixed bag. While the decrease in cash reserves is concerning, the increase in equity and decrease in creditors indicate some positive trends. The business’s focus on online sales and its strong Google rating suggest a loyal customer base, but the company will need to carefully manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 07805977, with a registered address at CF5 2RL, Cardiff, Cardiff, 37 Nicholson Webb Close.

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