Ll Distributors Limited

Ll Distributors Limited is a small, active company based in Belfast, UK, founded fourteen years ago in March 2011. The company, which has one director and one owner, operates from a real address and is currently overdue on both its accounts and confirmation statements—four and three years respectively. It’s a modest operation, meeting two of three criteria for a small company: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company is an irregular importer, with its top category being vehicles, parts, and accessories (not for trains or trams), with just one month of imports recorded as of April 1, 2018.

The company’s website, MJ Distributors Ltd, reveals a different story: it's a bicycle wholesaler based in Denton, Manchester, serving independent bicycle dealers. The company operates as a cash and carry from its 8000 square foot warehouse, offering over 4,000 lines across a variety of brands. They also offer delivery services, including overnight carriers and same-day deliveries via their own van. The website emphasizes no sales reps, which helps keep prices low and gives dealers extra profit. It’s a family business, priding itself on customer care and good service.

Financially, MJ Distributors Ltd shows some concerning trends. Cash bank on hand has fallen 0%, while bank overdrafts have increased by 62% to £28,000. Creditors have ballooned by 280% to £53,000, and debtors have surged by a staggering 1400% to £37,000. The company’s net assets have also declined by 70% to £1,300. While the increase in debtors could indicate expanding sales, the rise in creditors and the decrease in cash reserves suggest the company is burning through money. With no auditor mentioned, the figures are unaudited. The company’s small size (meeting two of three criteria for a small company) helps it stay agile, but the sharp equity drop raises questions about its long-term viability.

Registered in Northern Ireland under the registration number NI606755, with a registered address at BT1 9DY, Belfast, NI606755: COMPANIES HOUSE DEFAULT ADDRESS.

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