Mapex Limited

Mapex Limited, based in Ottershaw, UK, is a small, active company established 23 years ago in 2001. With four employees and £165,527 in assets, it operates from a real address and is overseen by three directors and two owners. The company is an irregular importer of glass and glassware, with just one month of import activity recorded in 2022, but a regular exporter of machinery, boilers, and mechanical appliances; parts, with five months of export activity as of 2021. It’s a private limited company registered in England/Wales with the registration number 04257447.

The company’s website, mapex.co.uk, is primarily an e-commerce platform dedicated to drums and percussion instruments. It features a wide range of products, including drums, drum sets, snare drums, hardware, accessories, and marching percussion. The site caters to both professional musicians and student percussionists, offering various series like Quantum, Qualifier, and Contender. Beyond product sales, the website also includes news, artist profiles, media content, and support resources. It’s clear the business is focused on selling drums and related equipment online.

Financially, Mapex Limited’s recent performance presents a mixed picture. While current assets increased by 22% to £170,000, equity plummeted 47% to £35,000. This significant drop in equity, despite rising assets, is concerning. Bank borrowings also increased, though not dramatically. Creditors increased by 72%, suggesting the company is relying more on credit from suppliers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the equity decline warrants closer attention. The unaudited financial statements, exempt from audit due to its small size, rely on director-reported data.

The company’s reliance on a single product category, drums, could make it vulnerable to market fluctuations. The decrease in equity, while not catastrophic, suggests the company may be burning through cash faster than it’s generating revenue. It’s possible the company is investing heavily in marketing or expanding its product line, but without further information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 04257447, with a registered address at KT16 0NQ, Ottershaw, Surrey, Wayside, Foxhills Road.

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