Mega Savings Ltd

Mega Savings Ltd is a small, active e-commerce company based in London, UK. Founded eight years ago in 2017, it operates from a real address and is led by a solo founder, one director, and one owner (though the owner list may not be exhaustive). The company holds £127,453 in assets and focuses on retail sales via mail order and the internet, offering a wide range of products from party supplies to electronics.

The website showcases a diverse inventory, categorized from arts and crafts to gaming and pet supplies. Flash sales and weekend deals are prominently featured, alongside a commitment to fast delivery and easy returns. The site’s layout suggests a focus on appealing to a broad consumer base with competitive pricing and a user-friendly online shopping experience.

Financially, Mega Savings Ltd demonstrates some concerning trends. While current assets increased by 13% to £130,000, net assets also rose by 12% to £45,000. Cash bank on hand experienced a dramatic increase of 1300%, jumping to £470. However, accrued liabilities and deferred income also increased by 5.7%, and creditors rose by 14%, indicating a reliance on credit. Interestingly, corporation tax payable decreased by 56%, which could be a positive sign of improved tax management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the increase in liabilities suggests it may be burning through cash to maintain operations. No auditor is mentioned, which is typical for small, exempt companies.

Registered in England/Wales under the registration number 10694474, with a registered address at N16 5HW, England, London, 38a Fairholt Road.

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