Mainline Distribution Ltd

Mainline Distribution Ltd, based in Chorley, UK, is a small, active company established seven years ago. With £31,677 in assets and a real address, it’s managed by two directors and owners. The company is an irregular importer, primarily dealing in natural and modified starches, glues, and enzymes, with its last import activity recorded two months ago in August 2024. It operates within the wholesale of chemical products, non-specialised wholesale trade, and retail sectors.

The company's website is non-existent, making it impossible to determine if it engages in e-commerce or other online activities. This lack of an online presence could indicate a business-to-business focus, relying on direct sales and distribution rather than consumer-facing retail.

Financially, Mainline Distribution Ltd presents a mixed picture. Cash bank on hand has fallen by a significant 62%, dropping to £3,200, while creditors have more than doubled to £34,000. Current assets have increased by 50% to £32,000, and trade debtors have increased by a whopping 450% to £11,000, suggesting a potential issue with collecting payments. Equity has declined by 280%, reaching -£2,500, which is a worrying trend. The company's small size—meeting two of three conditions for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—means it’s likely exempt from an audit, relying on unaudited financial statements.

The surge in debtors could be a short-term blip, perhaps linked to a large order, or it could signal difficulties in managing customer payments. The decline in cash reserves and the negative equity are concerning, suggesting the company is burning through cash faster than it’s generating revenue. While the increase in current assets is positive, it’s not enough to offset the other negative trends. The lack of an auditor mentioned further complicates the financial picture.

Registered in England/Wales under the registration number 11218592, with a registered address at PR7 1PS, England, Chorley, Lancashire, Strawberry Fields Digital Hub, Euxton Lane.

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