The Modest Closet Ltd

The Modest Closet Ltd from Southampton UK: small company, active status, founded 3 years ago, 1 employee, £1,056 assets, real address, 1 director, 1 owner, solo founder, e-commerce site. It’s a small operation, meeting two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company, incorporated on March 21, 2022, operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner and one director, and employs just one person.

The Modest Closet Ltd’s website showcases a curated selection of modest clothing and accessories, targeting a specific niche market. It’s clearly an e-commerce business, with a focus on online sales and customer service. The site appears well-maintained, and offers a range of products, suggesting a deliberate effort to cater to a defined customer base.

Financially, The Modest Closet Ltd presents a mixed picture. Current assets have fallen considerably, dropping 55% to just £1,100. Net assets and liabilities also decreased by 27%, ending at -£7,500. Cash bank on hand has also seen a sharp decline, falling 55% to £1,100. While creditors have risen slightly, suggesting a possible increase in short-term debt, the overall trend points to a company struggling to maintain a healthy financial position. The company’s small size helps it remain flexible, but the decrease in equity raises concerns. No auditor is mentioned, which is common for small companies.

It seems like The Modest Closet Ltd is facing some financial headwinds, despite its focused niche and online presence. Whether it can turn things around will depend on its ability to manage its debts and attract more customers.

Registered in England/Wales under the registration number 13993449, with a registered address at SO14 0QB, England, Southampton, Suite 3, A Freedom, Mount Pleasant Road.

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