My Trend Limited

My Trend Limited, based in Enfield, UK, is a small, active company founded six years ago in 2018. Employing just two people, it holds £99,614 in assets and operates from a real registered address. With one director and two owners, it's a family business. The company regularly imports clothing and accessories, excluding knitted or crocheted items, with 25 months of import activity recorded, the last in September 2023. It also sporadically exports clothing and accessories made by knitting or crocheting, with just one month of export activity as of February 2022.

The company’s website, MyTrend, offers a simple contact form and legal information, including an email address and a physical address in Malta. It’s clear that the company operates in the other service activities n.e.c. industries. The website doesn's reveal much about the company's operations beyond a desire to connect with customers. It seems to be a relatively simple online presence, suggesting a focus on direct communication rather than extensive e-commerce functionality.

Financially, My Trend Limited presents a mixed picture. While current assets increased by 31% to £100,000, net assets only grew by 14% to £37,000. Bank borrowings decreased by 34% to £20,000, but cash reserves fell by 48% to £21,000. Creditors also decreased by 34% after one year, but increased within one year by 200%. Trade debtors increased by 42%, which could mean the company is extending credit to customers. 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 stay nimble, but the drop in cash reserves is something to keep an eye on. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, My Trend Limited seems to be holding its own, but the fluctuating financials suggest it’s navigating a challenging environment.

Registered in England/Wales under the registration number 11417518, with a registered address at EN3 4SA, England, Enfield, 13h Queensway.

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