1st Mx Limited

1st Mx Limited, based in Leyland, UK, is a small holding company with an active status, established 21 years ago. The company employs nine people and holds £165,442 in assets. It operates a real address and is managed by two directors and one owner, running an e-commerce site with a stellar 5.0 Google rating from 123 reviews. The company regularly imports clothing and accessories (excluding knitted or crocheted items), with its last import operation occurring in July 2024.

The company’s website, 1stmx.co.uk, is a dedicated online retailer specializing in motocross gear and accessories. It offers a wide range of products from top brands like Fox, Alpinestars, Thor, Leatt, and Troy Lee Designs, catering to both amateur and professional riders. The site features a comprehensive selection of gear sets, helmets, boots, protection, and apparel, alongside a clearance section and outlet sales. It also has a section for casual wear and gear bags. The website clearly positions itself as the "UK's Biggest Best Online MX Shop."

Financially, 1st Mx Limited’s recent performance shows some concerning trends. While current assets remain at £170,000, net assets have plummeted 200% to -£360,000. Cash bank on hand is steady at £26,000, but bank borrowings have increased significantly. Creditors have also risen substantially, indicating a greater reliance on short-term financing. The number of employees has decreased by 56%, falling to just four, which could be a result of cost-cutting measures. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the significant decline in equity suggests it's burning through cash. The financial statements are unaudited, as the company is exempt due to its size, and no auditor is mentioned.

Despite these challenges, 1st Mx Limited maintains a strong online presence and a loyal customer base, demonstrated by its high Google rating. Whether it can navigate these financial pressures and sustain its growth remains to be seen.

Registered in England/Wales under the registration number 04986259, with a registered address at PR25 3US, United Kingdom, Leyland, Units 1-4 North Star Business Park, Tuer Street.

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