M.e.g. Cards And Gifts Ltd

M.E.G. Cards And Gifts Ltd, based in Coleraine, Northern Ireland, is a small, active company established seven years ago. With eleven employees and £492,621 in assets, it’s a well-established local business. The company, owned by Gray Michael and Mcauley Lisa, boasts a perfect 5.0 Google rating from two reviews, a testament to its customer service. Two directors oversee operations from its real address on Cloyfin Road.

The company operates in the retail sector, specifically selling cards and gifts, and also engages in online sales. While the website isn't available for review, the business model suggests a focus on both physical and digital channels. It's a small company, meeting two of the three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, M.E.G. Cards And Gifts Ltd shows a mixed picture. Cash reserves have fallen by 32%, dropping to £160,000, which could indicate increased spending or slower sales. Trade debtors have increased dramatically, rising by 2200%, reaching £63,000 – a worrying sign that customers are taking longer to pay. On a positive note, creditors have decreased by 42%, suggesting improved management of short-term debts. The company's net assets have also declined by 13%, falling to £240,000. Depreciation charges have remained constant, and the average number of employees has decreased from eleven to nine. While the company is exempt from an audit, the unaudited financial statements offer a snapshot of its current state. It's clear that while the business maintains a strong reputation, it's facing some financial headwinds.

Registered in Northern Ireland under the registration number NI652163, with a registered address at BT52 2NY, Northern Ireland, Coleraine, Londonderry, Unit 4 48 Cloyfin Road.

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