My Outfit Limited

My Outfit Limited, based in Telford, UK, is a small, family-run e-commerce business with an active status. Founded twelve years ago in 2013, the company employs six people and holds £532,675 in assets. It operates from a real address and is led by one director and two owners. The company regularly imports clothing and accessories made by knitting or crocheting, with 38 months of import activity recorded, the last in December 2024.

The company's website, Myoutfit, specializes in designer clothing for men and women, offering a wide range of brands like Diesel, Dsquared2, and Lacoste. It operates as a retail store, both online and in a 4,000 sq ft flagship store in Telford. The website emphasizes brand-new, authentic products and offers services like free UK delivery and returns, pay-in-3 options, and a focus on customer service. It also has a social media presence, with links to Facebook, Instagram, and TikTok.

Financially, My Outfit Limited presents a mixed picture. Creditors increased by a substantial 45%, reaching £350,000, while cash reserves grew by a healthy 62%, hitting £260,000. However, net assets only increased by 32%, rising to £180,000, suggesting increased liabilities are offsetting asset growth. Bank borrowings decreased slightly, but trade debtors surged by 51%, which could indicate challenges in collecting payments. 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 remain nimble, but the increase in creditors warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, My Outfit Limited seems to be growing, but needs to manage its liabilities effectively to ensure long-term financial stability. The company’s focus on designer brands and customer service positions it well in the competitive online retail market, but the financial data suggests it’s a little bit tight.

Registered in England/Wales under the registration number 08460981, with a registered address at TF3 4BS, England, Telford, 238 New Row.

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