Pearl Of Manchester Ltd

Pearl Of Manchester Ltd, based in Manchester, UK, is a small, active company established four years ago. With £173,783 in assets and a real address, it’s managed by three directors and a single owner. The company regularly imports clothing and accessories (excluding knitted or crocheted items) – 7 months of import activity were recorded, with the last operation in September 2023. It also exports clothing and accessories made by knitting or crocheting, though less frequently – just 2 months of export activity, the last in July 2023. The business operates in the retail sale of textiles in specialised stores.

The company’s website, pearlsmanchester.com.au, reveals a broader operation focused on supplying dining, bedding, and bathroom solutions. It caters to both wholesale and retail customers, including hospitality, corporate events, aged care facilities, and even bridal registries. The website highlights a wide range of products, from bed linen and table linen to towels and quilts, sourced directly from importers and manufacturers. It even has a factory outlet for discounted items. The website’s emphasis on direct sourcing and competitive pricing suggests a focus on value and efficiency.

Financially, Pearl Of Manchester Ltd presents a mixed picture. Creditors increased significantly by 88%, reaching £230,000 within a year, while cash bank on hand rose by 93% to £15,000. However, retained earnings accumulated losses deepened by 120% to -£76,000, and net assets liabilities rose to -£53,000. Trade debtors also increased by 25%, reaching £27,000. 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 remain agile, but the decline in equity is a concern. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

The business seems to be navigating a period of growth and investment, with increased reliance on credit. Whether the focus on wholesale and direct sourcing can translate into sustained profitability remains to be seen.

Registered in England/Wales under the registration number 12711374, with a registered address at M8 8NN, England, Manchester, 48 Broughton St. Cheetham Hill Manchester, 48 Broughton Street.

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