Mayrex Limited

Mayrex Limited from Bolton UK: a small, active company founded 13 years ago, employs two people, and holds £141,886 in assets. It's a solo-founded operation with two directors and a real address. The company regularly imports furniture, lighting, and prefabricated buildings—five months of import activity recorded, the last in April 2024.

The business operates in the wholesale of furniture, carpets, and lighting equipment industries. Its website, Mayrex Limited, showcases a range of lighting products, suggesting a focus on wholesale distribution. It’s a private limited company, registered in England/Wales, and has a perfect 5.0 Google rating from eight reviews.

Financially, Mayrex Limited’s numbers present a mixed picture. Current assets declined by 14% to £140,000, while net assets fell 24% to £26,000. Bank borrowings remained steady at £8,000, but cash reserves dropped 40% to £7,700. Creditors decreased by 33%, and trade debtors plummeted 44%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity and cash raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s owner, Jusab Yasin, also serves as director, and the company is listed as having an accountants report. The company’s revenue recognition policy is that turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Registered in England/Wales under the registration number 07904954, with a registered address at BL1 3PA, Bolton, Lancashire, Clyde Mill, Stewart Street.

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