Myrtle Limited

Myrtle Limited is a small, family-run business based in Ramsgate, UK, with an active status. Founded eighteen years ago in 2007, the company employs just three people and operates from a real address at Manston Business Park. With three directors and two owners, it’s a tight-knit operation. Myrtle Limited regularly exports vehicles, parts, and accessories—a consistent trade over the past six months, with the most recent export occurring in September 2024.

The company’s website reveals a specialized focus: manufacturing and restoring luxury car interiors and steering wheels. Myrtle Limited positions itself as a world leader in this niche, supplying main dealers for Jaguar, Rolls Royce, and Bentley, as well as luxury restorers and enthusiasts. The business offers bespoke, made-to-order products and even provides a restoration service for classic and modern vehicles, expanding beyond its core offerings. The website showcases a wide range of products, including wood kits, steering wheels, headlinings, and wheels, catering to a discerning clientele.

Financially, Myrtle Limited presents a mixed picture. While cash bank holdings increased significantly by 61% to £94,000, net assets took a dramatic hit, plummeting 97% to just £1,000. Creditors rose sharply by 80% to £120,000, and bank borrowings increased, suggesting the company is relying more on external financing. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The decrease in fixed assets, however, is a concerning trend. With no auditor mentioned, the figures are unaudited.

Overall, Myrtle Limited is a specialist manufacturer facing financial pressures. While its niche expertise and reputation for quality are strengths, managing its liabilities and maintaining profitability will be key to its long-term success.

Registered in England/Wales under the registration number 06166260, with a registered address at CT12 5FS, United Kingdom, Ramsgate, Kent, Unit 95 The Oaks, Manston Business Park.

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