Style My Group Ltd

Style My Group Ltd, based in Bradford, UK, is a small, active company founded nine years ago. With £47,014 in assets and a real address, it’s a solo-founded operation led by a single director and owner. The company boasts a 4.0 Google rating from one review and regularly imports clothing and accessories made by knitting or crocheting—four months of import activity were recorded. The business operates in the retail sale via mail order houses or via internet industries.

The company's website, while not extensive, suggests a focus on curated group styling and potentially offering personalized fashion recommendations. It’s not a high-volume e-commerce site, but rather a boutique-style offering.

Financially, Style My Group Ltd presents a mixed picture. Current assets increased significantly, jumping 1300% to £47,000, a positive sign. However, net assets decreased by 44% to -£28,000, indicating a reliance on borrowing. Creditors increased by 33% to £80,000, and cash bank on hand plummeted 94% to just £110. Trade debtors rose sharply, increasing by 940% to £17,000, which could reflect delayed payments or a strategy of extending credit to customers. Depreciation charges increased slightly, but the company’s small size (meeting two of three criteria for a small company) allows for agility. No auditor is mentioned, meaning the accounts are unaudited.

The significant increase in current assets is encouraging, but the decrease in equity and reliance on borrowing suggest the company is burning through cash. The rise in debtors could be a temporary blip or a sign of underlying payment issues. It seems the company is trying to grow, but needs to manage its finances more carefully.

Registered in England/Wales under the registration number 09936879, with a registered address at BD1 2HS, United Kingdom, Bradford, West Yorkshire, 156 Grattan Road.

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