Mazuma Mobile Limited

Mazuma Mobile Ltd, based in Lancaster, UK, is a large, holding company with an active status, having been incorporated eighteen years ago in 2006. The company employs fifty-seven people and holds assets totaling £6,061,064. It has a real address, is managed by three directors and owned by one individual, and operates an e-commerce site. Google ratings are a little low at 3.0 based on 659 reviews. The company regularly imports electrical machinery and equipment (four months imported), and irregularly exports (one month exported).

The company’s website, Mazuma Mobile, is primarily focused on facilitating the trade-in of old phones and devices for cash. It offers a wide range of options, from iPhones and Samsung Galaxy phones to iPads, consoles, and even MacBooks. The site clearly targets consumers looking to recycle their tech and receive payment, with a streamlined process outlined in four simple steps: register your sale, pack your device, post it, and get fast payment. The site also highlights its commitment to environmental responsibility, emphasizing its recycling practices and secure data wiping procedures.

Financially, Mazuma Mobile Ltd shows some concerning trends. Accrued liabilities have increased by 25%, while deferred income has also risen. Impairment on intangible assets has also increased, and depreciation on property, plant and equipment has seen a significant jump. Administrative expenses are up 11%, and the company’s bank balance has increased by 46%. However, corporation tax payable has fallen, and the company’s net assets have increased by a substantial 68%. The company’s average number of employees has increased by 14%, and staff costs have risen by 25%. The company's turnover has increased by 10%, but net losses have deepened.

The company’s reliance on creditors has decreased, and its trade debtors have also decreased. The company's bank borrowings have decreased significantly, and its cash reserves have fallen. While the company’s e-commerce operation appears active and well-reviewed, the financial figures suggest the company is burning through cash. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Registered in England/Wales under the registration number 05909550, with a registered address at LA1 3SU, England, Lancaster, Suites 5a And 5b Office Building 11, 2 Mannin Way, Caton Road.

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