Mediacoms Limited

Mediacoms Limited is a small, active company based in Hertford, UK, established 23 years ago in May 2001. With seven employees and £233,442 in assets, it operates from a virtual address – a point to note as twenty-two other companies are registered at the same location. The company is run by three directors, including Leon Peter Manuel, who also serves as the sole owner and solo founder. It runs an e-commerce site and is primarily known for selling audio visual, networking, and control equipment.

The company’s website, Mediacoms Direct, highlights its history as an installation company specializing in audio visual, aerial, satellite, and security services. It has evolved into a retailer of products from leading brands like Anthem, Aptus, and Q Acoustics. The site emphasizes expertise and caters to both residential and commercial clients, offering a wide range of products from networking solutions to lighting controls.

Financially, Mediacoms Limited’s report paints a mixed picture. Current assets have decreased by 20% to £230,000, while net assets have fallen by a significant 42% to £70,000. Bank borrowings have also decreased by 60%, now standing at £4,000, and cash reserves have plummeted 93%, leaving just £230 left. Creditors have increased by 45%, reaching £96,000, and trade debtors have fallen by 51%, suggesting a change in payment terms. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

Overall, Mediacoms Limited appears to be navigating a period of financial adjustment. While its e-commerce operation seems well-established and its product range diverse, the decline in assets and cash reserves warrants close attention. The company’s ability to maintain its position in the competitive audio visual market will depend on its ability to manage costs and generate sales.

Registered in England/Wales under the registration number 04221156, with a registered address at SG14 1QN, Hertford, Hertfordshire, Janelle House, Hartham Lane.

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