Mcgrocer Ltd

Mcgrocer Ltd, based in Brentwood, UK, is a small, active company founded three years ago. With a single employee and £39,005 in assets, it operates as a solo-founded e-commerce site. The business has a real registered address and is led by one director and owner. It exports irregularly, primarily furniture, lighting, and prefabricated buildings, with the most recent export activity recorded one month ago. The company’s website showcases a wide range of products, from groceries and beauty items to baby essentials and PPE, catering to both UK and international customers.

The website's structure suggests a broad retail operation, with categories ranging from food and drinks to health and beauty, and even specialized sections for pianos and PPE. It’s clear the company aims to be a one-stop shop for a diverse range of goods, leveraging an extensive catalog and global delivery options. It's a bit confusing, though, how the piano venture ties in.

Financially, McGrocer Ltd presents a mixed picture. Current assets have increased significantly by 280% to £39,000, while cash reserves remain at £6,900. However, creditors have risen sharply by 100%, reaching £18,000 within a year, and trade debtors have ballooned by 860% to £32,000. Equity has also seen a dramatic shift, with retained earnings and accumulated losses improving by -210%, and share capital remaining stable. The company’s small size—meeting two of three conditions for being classified as small—allows for flexibility, but the increase in debt raises questions. With no auditor mentioned, the financial data is unaudited.

It seems the company is growing its sales, but also relying more on credit. Whether this is a sustainable strategy remains to be seen.

Registered in England/Wales under the registration number 13942357, with a registered address at CM14 4JE, United Kingdom, Brentwood, Essex, Unit C, Hubert Road (Cinch Self Storage).

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