Ag Mega Ltd

Ag Mega Ltd is a small, active company based in London, UK, founded five years ago in 2019. With just one employee and £64,216 in assets, it’s a solo-founded operation with a single director and owner. The company operates from a virtual address, registered at a location shared by over 90,000 other businesses, which is a bit unusual. It’s involved in both importing and exporting, with irregular activity recorded over the past year: one month of importing leather goods, travel bags, and animal harnesses, and one month of exporting vehicles, parts, and accessories.

The company's website, Automobiliax, focuses on classic Ferrari parts and related automobilia. It's positioned as a marketplace connecting enthusiasts and collectors, specializing in rare vintage components. The site features a catalog, blog, and contact information, and emphasizes a passion for classic cars and their historic parts. It’s clear that Automobiliax isn't just a marketplace, but a community for classic car lovers.

Financially, Ag Mega Ltd shows some concerning trends. Current assets decreased by 15%, dropping to £64,000, while net assets increased by 9.4%, reaching £16,000. Bank borrowings decreased by 80%, dropping to £2,700, and cash reserves fell 20% to £18,000. Creditors also decreased by 60%, which is a positive sign. The company meets two of the three criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no mention of an auditor, likely due to its small size and exemption from an audit.

Overall, Ag Mega Ltd appears to be navigating a period of change. While the financials aren’t alarming, the decrease in cash reserves and the reliance on a virtual address suggest potential challenges. The success of Automobiliax, however, demonstrates a clear focus and a niche market—something that could help sustain the business in the long run.

Registered in England/Wales under the registration number 11998279, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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