My Icon Limited

My Icon Limited is a small, active company based in Colchester, UK, established seventeen years ago in 2007. With nine employees and £93,853 in assets, it operates an e-commerce site specializing in clothing inspired by Sci-Fi, Horror, Punk Rock, and more. The company has three directors and two owners, and its registered address is real, with only one other company registered at the same location.

The website, My Icon Clothing, is a vibrant online store showcasing a massive selection of t-shirts, hoodies, and tank tops. It caters to a diverse range of interests, from music and film to gaming and art, offering a unique blend of retro and contemporary designs. The site is well-organized, with clear categories and a user-friendly interface, making it easy for customers to find exactly what they're looking for. The sheer volume of products available—spanning multiple genres and styles—suggests a dedicated customer base and a commitment to offering something for everyone.

Financially, My Icon Limited presents a mixed picture. While cash reserves increased by a significant 390% to £29,000, net assets experienced a substantial 94% drop to just £4,800. Bank borrowings decreased by 8%, and trade debtors decreased by 32%. Creditors also decreased by 17%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises concerns. No auditor is mentioned, which is typical for small companies.

The company’s turnover is likely to have decreased, which could be due to a number of factors, such as increased competition or a slowdown in consumer spending. The decrease in net assets is also concerning, as it suggests that the company is not generating enough profit to cover its expenses. However, the increase in cash reserves is a positive sign, as it indicates that the company has some financial cushion to weather any storms.

Registered in England/Wales under the registration number 06360475, with a registered address at CO7 7BA, England, Colchester, Unit B Park Farm Colchester Road, Elmstead.

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