Myla Clare Limited

Myla Clare Limited, based in London, UK, is a small, active company founded six years ago. With two employees and £149,509 in assets, it operates from a virtual address, managed by a single director and owner, who also serves as the solo founder. The company runs an e-commerce site and has a respectable Google rating of 4.0 based on eight reviews. It regularly imports clothing and accessories, excluding knitted or crocheted items, with recent activity spanning seven months.

The company’s website, Myla Clare, functions as a women’s boutique with physical locations in Radlett and Cockfosters. It showcases a curated selection of clothing and accessories from various brands, including A Postcard from Brighton, Amazing Woman, and Rino Pelle Passioni. The site emphasizes a personal shopping experience and a focus on stylish, contemporary pieces. It also provides contact information for both stores, along with a newsletter signup form.

Financially, Myla Clare Limited presents a mixed picture. While current assets increased by 67% to £150,000, net assets declined by 33% to -£17,000—a concerning trend. Bank borrowings decreased by 16% to £30,000, and cash reserves grew by 43% to £9,300. Creditors, however, surged by 110% to £190,000, indicating increased reliance on short-term debt. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the negative equity raises questions about its long-term viability. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

Overall, Myla Clare Limited appears to be navigating a period of growth and change. While its e-commerce presence is strong and its physical stores offer a personalized shopping experience, the company’s financial performance suggests it’s burning through money. Whether it can turn its financial situation around will depend on its ability to manage debt and improve profitability—and hopefully, the company will be able to keep its customers happy.

Registered in England/Wales under the registration number 11540726, with a registered address at NW8 0DL, United Kingdom, London, 55 Loudoun Road.

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