108 Group Ltd

108 Group Ltd, based in Manchester, UK, is a small, active company founded six years ago. With two employees and £34,747 in assets, it operates from a real address and is overseen by two directors and owners. The company is a regular importer, specializing in electrical machinery and equipment, with the most recent import activity occurring in December 2024.

The company’s website showcases two key products: the MarKibar IZAGA grinder and the bermilk milk texturing system. These products are marketed towards the UK coffee scene, aiming to move it forward through automation and efficiency. The website highlights the benefits of these systems, including reduced labour costs, increased speed of service, improved customer interaction, and consistent drink quality. The company also offers custom powder coating options for the bermilk system and provides an efficiency calculator for potential customers.

Financially, 108 Group Ltd shows some concerning trends. While cash reserves increased by 33% to £12,000, current assets decreased by 35% to £35,000. Bank borrowings, however, have dramatically decreased, falling by 81% to just £4,500—a positive sign. Trade debtors have also fallen, dropping 49% to £22,000. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in assets warrants attention. Accumulated depreciation impairment for property, plant, and equipment has increased by 69%, indicating a need to monitor fixed asset values. The company’s unaudited financial statements, as a small entity, rely on director-reported data.

Overall, 108 Group Ltd appears to be navigating a period of change. While it’s successfully importing and selling specialized coffee equipment, its financial performance suggests it’s working to manage its resources effectively.

Registered in England/Wales under the registration number 11892449, with a registered address at M11 3NH, England, Manchester, 33 Wren Way.

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