Megarocks Limited

Megarocks Limited is a small, active company based in London, UK. Founded eight years ago in 2016, it’s a solo-founded operation with two directors and a single employee managing £253,758 in assets. The company operates from a real address and is a regular importer of art and antiques, with the last import activity recorded six months ago. While the company's registered name suggests a broader scope, its website simply displays "HOME," offering little insight into its operations. It appears to be operating in the "other service activities n.e.c." industries.

The company’s financial data reveals a mixed picture. While current assets have increased by 19% to £250,000, net assets have also risen by 13% to £110,000. Bank borrowings remain stable at £8,300, but cash reserves are holding steady at £130,000. A significant increase in trade debtors – ballooning by 1500% to £36,000 – suggests the company is extending credit terms or experiencing delayed customer payments. Creditors have also increased by 48% to £120,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debtors could indicate a need for closer monitoring of cash flow. There’s no auditor mentioned, so the financial statements are unaudited.

Overall, Megarocks Limited appears to be financially stable, but the increase in debtors warrants attention. The company’s simple website and lack of detailed information make it difficult to fully assess its business model, but its focus on importing art and antiques suggests a niche market.

Registered in England/Wales under the registration number 10349988, with a registered address at NW11 9JS, United Kingdom, London, 138 Bridge Lane.

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