Mc2 Design Ltd

Mc2 Design Ltd, based in London, UK, is a small, active company established 14 years ago. With a single employee and £135,632 in assets, it operates from a virtual address shared by many other businesses—a bit of a red flag, really. The company is led by one director and owned by two individuals, Shah Akash and Chauahn Meeta. It’s been importing electrical machinery and equipment for a few months and occasionally exports machinery parts, but activity is irregular.

The company's website is simple, featuring sections for "Portfolio," "Services," "Contact," and a general "Who We Are" page. It suggests a design-focused business, but doesn’s offer much detail about specific services or projects. It’s likely an e-commerce site, but the lack of a visible shopping cart or product listings makes it hard to confirm.

Financially, Mc2 Design Ltd presents a mixed picture. While cash bank on hand increased by a healthy 76% to £30,000, current assets also grew by 80% to £140,000. However, net assets declined significantly, dropping 100% to a mere £15—a worrying trend. Bank borrowings increased by 140% to £4,800, and creditors rose by 79% to £130,000. Trade debtors have also increased by a substantial 190%, which could mean they are struggling to get paid promptly. The company's small size—meeting two of three conditions for being classified as small—means it's likely exempt from an audit, so the figures are unaudited. It’s a bit concerning that equity is now negative, although it's a small amount.

Overall, Mc2 Design Ltd seems to be burning through money, despite the growth in assets. It’s a classic startup scenario, really. The increase in debt and negative equity suggests they may need to carefully manage their expenses and focus on generating revenue. The lack of a clear online presence and the reliance on a shared virtual address also raise questions about their long-term viability.

Registered in England/Wales under the registration number 07521366, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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