My-wardrobe Limited

My-Wardrobe Limited, based in Beaconsfield, UK, is a small, active company founded 11 years ago in 2013. It operates from a virtual address, a fact highlighted by the presence of 27 other companies registered at the same location. The company, managed by three directors and owned by Tucker Steven Clifford, runs an e-commerce site and regularly imports clothing and accessories (excluding knitted or crocheted items), with the last import operation occurring in May 2023. Its business focuses on retail sale via mail order houses or via internet.

The company’s website, MyWardrobe.shop, showcases a focus on bespoke furniture – wardrobe shelves, kitchen units, and sheet materials – catering to both individual and commercial clients. It emphasizes high quality, affordable pricing, and short lead times, offering services like virtual surveys and custom design options. The site also features a range of accessories, tools, and hardware from brands like Blum, Grass, and Hafele, suggesting a broader offering beyond just finished furniture.

Financially, My-Wardrobe Limited presents a complex picture. While cash bank on hand remains steady at £32,000, accumulated amortisation and impairment of intangible assets are substantial at £600,000. Liabilities have increased, with accrued liabilities rising 50% to £6,300. Trade creditors and trade payables have remained constant at £70,000. A significant drop in equity, with retained earnings and accumulated losses at -£690,000, is a cause for concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, relying on unaudited financial statements.

The company ceased trading in January, and the accounts are not prepared on a going concern basis. This, combined with the substantial accumulated losses and the lack of employees, suggests My-Wardrobe Limited is facing significant financial challenges. Whether the focus on bespoke furniture and online sales can reverse this trend remains to be seen.

Registered in England/Wales under the registration number 08757000, with a registered address at HP9 2FL, Beaconsfield, Buckinghamshire, Eden House, Reynolds Road.

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