M&m Plant Sales Ltd

M&M Plant Sales Ltd, based in Chichester, UK, is a small, active company founded five years ago. With a single employee and £526,872 in assets, it operates from a virtual address shared by forty-one other companies – a bit unusual, really. The company is run by a solo founder, Looker Mitchell Guy, who also serves as director and owner. It’s a relatively small operation, meeting two of the three criteria to be classified as small: turnover under £10.2 million and assets under £5.1 million.

The company's core business involves the sale of other motor vehicles, but it also engages in irregular importing and exporting. It regularly imports machinery, boilers, and mechanical appliances – parts, with the last import recorded in November 2024. Export activity is less frequent, focused on ships, boats, and floating structures, with the last shipment occurring in March 2022. The company’s website, infomandmsales.co.uk, suggests a focus on plant machinery sales, but much of the content is awaiting completion – "David could you provide some content…?" it repeatedly asks.

Financially, M&M Plant Sales Ltd has seen some concerning trends. Cash bank on hand has decreased by 8.6% to £49,000, and net assets have plummeted 79% to just £47,000. Creditors have risen significantly, increasing by 30% to £490,000, which is a big jump. Trade debtors have also increased, rising 72% to £88,000. On a brighter note, the company’s inventory has decreased by 12%, which could indicate better stock management. The lack of an auditor mentioned suggests the company is exempt as a small entity, and the figures are unaudited.

Despite the concerning trends, the company’s small size and focus on specialized machinery could allow it to remain agile. However, the sharp decline in equity and increased debt raise questions about its long-term financial health. It's a bit of a mixed bag, really, and it’s hard to tell if this is just startup turbulence or a sign of bigger problems.

Registered in England/Wales under the registration number 12248856, with a registered address at PO19 8FY, England, Chichester, West Sussex, Chichester Enterprise Centre, Terminus Road.

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