Maji Systems Ltd

Maji Systems Ltd from London UK: a small, active company founded three years ago, holds just £4,253 in assets, and operates from a virtual address shared by over 9000 other businesses. It’s a solo founder venture with two directors, and one owner, Barrington Leon Luke. The company irregularly imports electrical machinery and equipment, with just one month of import activity recorded as of September 2024.

The company’s website, while not fully detailed, suggests involvement in a diverse range of industries: water collection, treatment and supply, business and domestic software development, and even the manufacture of loaded electronic boards. This breadth of activities hints at a potentially innovative, though perhaps unfocused, business model. It’s not clear if there is an e-commerce component, as no online store is visible.

Financially, Maji Systems Ltd presents a concerning picture. While its small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, its net assets plummeted by 210% to -£19,000. Cash reserves are a meager £620, and bank borrowings have increased significantly, reaching £23,000. Trade debtors are at £3,600, and creditors have risen to £23,000. The lack of employees (zero reported) suggests a very lean operation, relying heavily on the founder's expertise. With no auditor mentioned, the unaudited figures require careful interpretation.

The company's irregular import activity and diverse business interests, combined with the financial strain, suggest a startup facing challenges. Whether Maji Systems Ltd can overcome these hurdles and leverage its diverse skill set remains to be seen—but for now, it’s a company navigating a complex landscape.

Registered in England/Wales under the registration number 13706076, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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