Mcommerce Ltd

Mcommerce Ltd is a small, active company from London, UK, founded eight years ago. It operates as a solo-founder e-commerce site with a single employee and £52,404 in assets. The company’s registered address is a virtual one, shared by many other businesses, and it’s managed by one director and owner, Gan Long.

The company’s website, MConnect Solutions, offers a wide range of IT outsourcing services, including web and mobile app development, custom portal creation, and e-commerce solutions. They cater to businesses looking to outsource their development needs, boasting a 12-year history and a focus on delivering high-quality, bespoke solutions. The site highlights expertise in various technologies, including PHP, Java, and Microsoft .Net, and offers a range of hiring models, from dedicated resource allocation to fixed-time projects. They also have an offshore development center, which aims to reduce development costs by half.

Financially, Mcommerce Ltd’s recent performance presents a mixed picture. Cash reserves have dramatically increased, jumping 99,000% to £990, but net assets have plummeted 540,000% to -£5,400. Current assets have also seen a massive increase, rising 52,000% to £52,000, while bank borrowings are at -£4,400. Creditors remain steady at £57,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the significant decline in equity suggests a period of financial strain. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

It's clear that Mcommerce Ltd is facing some financial challenges, despite its active business and growing cash reserves. The company’s success will depend on its ability to manage its debts and maintain its customer base.

Registered in England/Wales under the registration number 10367362, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, Great Portland Street.

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