Mak Buy And Sell Ltd

Mak Buy And Sell Ltd, based in Luton, UK, is a small, active company founded just one year ago. With two employees and £304 in assets, it's a solo founder operation led by a single director and owner. The company operates in the retail sale via mail order houses or via internet industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

The company’s website is not available, so it’s difficult to determine the specifics of its operations. However, the description suggests an online retail focus, potentially selling goods directly to consumers through a website or marketplace. It could be a dropshipping business, or it could be holding inventory and fulfilling orders itself.

Financially, Mak Buy And Sell Ltd is showing some challenges. Net assets are currently at -£6,500, indicating that liabilities outweigh assets. Cash on hand remains at £300, and creditors are at £6,700. While the company's small size allows for agility, the negative equity suggests it's burning through cash. The lack of growth in assets and the reliance on short-term debt could be a cause for concern. The accounts are described as "filleted," which means they are simplified and don't include a detailed profit and loss statement—a common practice for small companies. There is no auditor mentioned, which is expected for a company of this size. The company's revenue recognition policy states that turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Registered in England/Wales under the registration number 15311272, with a registered address at LU4 9SQ, England, Luton, 77 Chester Avenue.

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