Mae Limited

Mae Limited, based in Loughborough, UK, is a small, active company established 18 years ago. With nine employees and £1,452,578 in assets, it operates from a virtual address—a detail flagged by the presence of twenty companies registered at the same location. The company is led by two directors and has one owner, Sloan Michael, who also serves as a director.

Mae Limited specializes in the import and export of electrical machinery and equipment. It has a consistent history of importing these goods over the past 42 months, with the most recent import occurring in December 2024. It also exports these goods, with seven months of export activity recorded, also concluding in December 2024. The company operates within the other information technology service activities industry.

Looking at the financial data, Mae Limited’s current assets have increased by 17% to £1,500,000. However, net assets have only risen slightly by 2.5% to £96,000. Bank borrowings have increased by 25% to £100,000, and cash reserves have fallen dramatically by 100% to just £46. Creditors have also increased significantly, by 31% to £1,300,000. Trade debtors have risen by 21% to £1,300,000. The company’s size—meeting two of three criteria for a small company—allows for flexibility, but the sharp decrease in cash reserves and increase in debt are concerning. The company is exempt from an audit, so the financial information is unaudited.

The company’s financial health appears precarious. While current assets are up, the significant drop in cash and increase in debt suggest it may be burning through money. The increase in trade debtors could indicate difficulties in collecting payments, or perhaps a deliberate strategy to offer more credit to customers. It’s worth noting that the company’s virtual address might indicate a shared office space or a cost-saving measure, but it also raises questions about its operational infrastructure.

Registered in England/Wales under the registration number 05990136, with a registered address at LE12 7TZ, Loughborough, Leicestershire, The Point Granite Way, Mountsorrel.

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