Madhurima Limited

Madhurima Limited is a large, active company based in London, UK, founded five years ago in February 2020. With three employees and £14,775,778 in assets, it operates from a real address at W1U 3RW, United Kingdom, London, 2nd Floor 110 Wigmore Street. The company is overseen by five directors, though surprisingly, no owners are officially listed—a potential oversight. Madhurima Limited imports stone, plaster, cement, and similar materials irregularly, with the last import activity recorded just one month ago in March 2024. The company operates in the 'other business support service activities n.e.c.' industries.

The company's website is not available, so it is difficult to determine whether it is an e-commerce business.

Financially, Madhurima Limited presents a mixed picture. While cash and cash equivalents increased by a substantial 51% to £12 million, net assets have dramatically decreased by 270% to -£3.8 million. This significant drop in equity, despite a rise in cash, suggests increased borrowing or substantial investments. Bank borrowings have increased, with amounts owed by group undertakings rising to £81,000. Director remuneration has also increased by 48% to £500,000, while staff costs have doubled to £980,000. Trade debtors have fallen by 37%, indicating better collection practices, but creditors have surged by 550%, which could indicate increased supplier costs or extended payment terms. The company’s average number of employees has increased by 170% to eight, reflecting potential expansion or increased workload. The company’s auditor is Gerald Edelman LLP.

Despite the concerning equity decline, the increase in cash reserves suggests the company is actively managing its finances, although it is burning through money. The significant increase in staff costs and director remuneration, coupled with rising debt, warrants close monitoring to ensure long-term sustainability.

Registered in England/Wales under the registration number 12459906, with a registered address at W1U 3RW, United Kingdom, London, 2nd Floor 110 Wigmore Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.