Marjo Merits Ltd

Marjo Merits Ltd from London UK: a small, active company founded three years ago, employs one person, and holds £5,445 in assets. It’s a solo founder operation with one director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The business is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. Its website, Marjo I.T Solutions, offers business solutions including POS systems, security systems, parking automations, and custom software development. The site highlights services for restaurants (O Live), stock management (OMarket), hotels (OTel), and more. It also features SOMFY gate automation solutions. The company’s address is real as only one company registered at the address.

Financially, Marjo Merits Ltd presents a mixed picture. Accumulated depreciation increased by 50%, and the number of employees remained steady at one. However, cash bank on hand dropped significantly—89%—to just £440. Creditors surged by 570%, reaching £15,000, while current assets declined by 33% to £5,400. Equity took a massive hit, falling 230% to -£9,100. It’s a concerning trend. The company’s net assets and liabilities also plummeted, indicating a potential cash flow problem. The accounts are described as "filleted" and unaudited, and the company is exempt from an audit.

It seems the company is struggling to keep its head above water, despite its focus on providing business solutions. The sharp increase in creditors suggests it's relying on credit to stay afloat, and the negative equity is a worrying sign. Whether it can turn things around remains to be seen—but for now, Marjo Merits Ltd is facing a challenging financial situation.

Registered in England/Wales under the registration number 13435498, with a registered address at SW4 8PE, England, London, Flat 92 Bronte House, Poynders Gardens.

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