Mars Projects Limited

Mars Projects Limited, based in London, UK, is a small, holding company with an active status. Founded seven years ago in May 2018, it employs thirteen people and holds £715,200 in assets. The company, with three directors and two owners, operates from a real address and is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings—though only importing for one month in March 2022.

The company’s website is unavailable for analysis, so it’s difficult to determine the extent of its e-commerce operations. However, the company operates in the holiday centres and villages industries.

Financially, Mars Projects Limited presents a mixed picture. While cash reserves increased by 110% to £97,000, current assets have risen dramatically by 250% to £720,000. However, net losses have deepened, with equity dropping 65% to -£1.2 million. Bank borrowings have surged by an astounding 2,400%, reaching £1 million, and trade debtors have tripled to £620,000—suggesting potential cash flow issues. Creditors have also increased significantly, rising 110% to £1.9 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial increase in debt and negative equity raise concerns. The accounts, audited by KNAV, Statutory Auditor, show a complex situation, and the significant rise in debt may be a cause for concern.

Registered in England/Wales under the registration number 11347761, with a registered address at W1H 1FG, United Kingdom, London, 9 Thornton Place, Marylebone.

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