401 Media Ltd

401 Media Ltd is a small, active company based in Coventry, UK, founded nine years ago in December 2015. With £82 in assets and a virtual address shared by 927 other companies, it’s a compact operation managed by one director and owner, Hosford Dale. The company operates in the retail sale via mail order houses or via internet, and also in the activities of exhibition and fair organisers industries.

The company’s website, ourmediashop.com, is the official magazine subscription store for BBC Magazines and other publishers. It offers a wide selection of titles across various categories like Craft, Homes & Gardening, Sports, Science & Nature, Classical Music, and Genealogy. The site promotes subscriptions with deals and discounts, and even offers gift subscriptions. It’s clear that 401 Media Ltd is primarily an online retailer, facilitating magazine subscriptions rather than selling physical magazines directly. The website’s focus is on convenience and variety, catering to a broad range of interests.

Financially, 401 Media Ltd presents a mixed picture. Current assets have drastically declined by 86%, dropping to just £82, while net assets have fallen 76% to -£6,400. This suggests a significant drain on resources. Bank borrowings have also increased, and cash reserves are low. Creditors have increased slightly, indicating a reliance on trade credit. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity is concerning. There’s no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, 401 Media Ltd appears to be facing financial pressures, despite its active online presence and diverse magazine offerings. The company’s future hinges on its ability to stabilize its finances and maintain its customer base.

Registered in England/Wales under the registration number 09932807, with a registered address at CV1 2NT, England, Coventry, Union House, 111 New Union Street.

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