My Trade Essentials Limited

My Trade Essentials Ltd, based in Manchester, UK, is a small, active company founded eight years ago. With two employees and £270,995 in assets, it operates from a real address and is led by two directors and a solo founder. The company’s Google rating sits at 2.0 based on just three reviews. It’s an e-commerce site specializing in the regular import of clothing and accessories—excluding knitted or crocheted items—with import activity spanning eight months, the last recorded in November 2021.

The company’s website, My Trade Products, is a comprehensive online marketplace for building trade tools, construction parts, and DIY accessories. It caters to a wide range of needs, from screws and nails to roofing materials, power tools, and safety equipment. The site is well-organized, featuring detailed product descriptions, manufacturer information, and helpful categories. It also offers a blog with articles on topics like underfloor ventilation systems and dry verge systems—demonstrating a commitment to providing valuable content for its customers.

Financially, My Trade Essentials Ltd presents a mixed picture. Current assets increased by 6.4% to £270,000, while bank cash reserves surged an impressive 130% to £65,000. However, trade debtors decreased by a significant 42% to £20,000, suggesting a possible slowdown in customer payments. Creditors remained relatively stable at £220,000. Equity also increased by 38% to £55,000, reflecting retained earnings. The company’s small size—meeting two of three criteria for a small company—allows it to remain flexible, but the decrease in debtors warrants attention. As a small company, it’s exempt from an audit, and the accounts are unaudited.

The increase in cash reserves is a positive sign, but the decline in debtors could indicate challenges in collecting payments. The company’s focus on building trade supplies and its well-stocked website suggest a solid foundation, but ongoing financial monitoring is essential for sustained growth.

Registered in England/Wales under the registration number 10240912, with a registered address at M8 9UE, England, Manchester, 51a Broughton Lane.

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