Mahood Floral Ltd

Mahood Floral Ltd, based in Coleraine, UK, is a small, active company established 23 years ago. With six employees and £383,670 in assets, it’s a well-established operation. The company is led by two directors and has one owner, with a 4.0 Google rating from seven reviews, showing good customer satisfaction. It operates an e-commerce site, selling a wide range of floristry supplies.

The company’s website, FloristryWarehouse, offers an extensive catalog of artificial flowers, dried goods, packaging, ribbon, and more. It caters to both wholesale and retail customers, with a focus on providing quality products and competitive pricing. The site is well-organized, with clear categories and detailed product descriptions. It also features a blog with helpful tips and inspiration for florists. The company's website is clearly a primary focus, and it appears to be a well-managed online store.

Financially, Mahood Floral Ltd shows a mixed picture. Current assets decreased by 3.6% to £380,000, while net assets declined by 4.2% to £330,000. Bank borrowings decreased by 32% to £22,000, which is a positive sign. Cash reserves increased by 64% to £110,000, indicating improved liquidity. However, trade debtors increased by 8.6% to £24,000, which could suggest some difficulties in collecting payments. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The unaudited accounts, prepared using VT Final Accounts software, show a decline in property plant equipment gross cost by 7.8%, which could be due to depreciation or asset sales. The company is exempt from an audit, so the figures rely on director-reported data.

Overall, Mahood Floral Ltd seems to be navigating a competitive market. While some financial metrics show slight declines, the company’s strong online presence and improved cash position suggest it’s holding its own. The company's focus on e-commerce and its niche market of floristry supplies appear to be key to its success.

Registered in Northern Ireland under the registration number NI040805, with a registered address at BT52 2NS, Coleraine, Unit 5, 8a Loguestown Industrial Estate.

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