Mypashmina Limited

Mypashmina Limited is a small, family-run business based in London, UK, established nineteen years ago. The company, with two employees and £141,906 in assets, operates from a virtual address and is managed by three directors and two owners. It’s an e-commerce site specializing in cashmere pashminas, regularly importing clothing and accessories (excluding knitted or crocheted items) for the past 27 months. While it occasionally exports various textile products, sets, used clothing, and rags, this activity has been irregular, with just one month of export recorded in 2018.

The company’s website, Mypashmina, showcases a wide range of cashmere scarves, stoles, and shawls in various colours and sizes. It emphasizes high-quality materials, hand-twisted tassels, and bespoke options—catering to customers seeking luxury and personalization. The site even advertises a "Swatchbook" to help customers match colours, and offers Bitcoin as a payment method. It also has a section dedicated to weddings, suggesting a focus on special occasions.

Financially, Mypashmina Limited presents a concerning picture. Current assets have plummeted by 37%, dropping to £140,000, while net assets have dramatically decreased by 84%, resulting in a negative balance of -£82,000. Bank borrowings have also increased, though the increase is only 740 GBP. Cash reserves have shrunk by 48%, leaving just £3,800 available. Creditors have risen by 11%, suggesting increased reliance on external financing. The company’s small size (meeting two of three criteria for a small company) allows it to remain agile, but the significant equity decline raises concerns about its long-term viability. The absence of an auditor, typical for small companies, means these figures are unaudited.

In conclusion, Mypashmina Limited appears to be facing financial challenges despite its strong brand and e-commerce presence. The company's focus on high-quality cashmere and personalized service may not be enough to offset the current financial pressures.

Registered in England/Wales under the registration number 05708615, with a registered address at WC2A 2JR, England, London, 7 Bell Yard, London (Wc2) Office.

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