Meko Trade Ltd

Meko Trade Ltd from Cheltenham, UK, is a small, active company founded four years ago. It employs two people and holds £2,471 in assets, generating £45,542 in yearly revenue. The company is led by two directors and owned by Nedyalkov Yordan Atanasov, who also serves as a solo founder. It has a real address and operates within a small business category, meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, Miko Trading, reveals a more expansive operation. It’s a multinational trading company with offices in Dresden, Istanbul, Ljubljana, and New Delhi, specializing in electrical steel for transformer core cutting centers and global transformer manufacturers. They supply slit and full-width coils, cut laminations, and transformer cores, catering to a global clientele. The company’s website also mentions a focus on international offices and a contact form.

Financially, Meko Trade Ltd appears to be facing some challenges. Current assets have decreased by a significant 36%, dropping to £2,500, while net assets have fallen by 60%, settling at £860. Dividends paid have also decreased by 47% to £800. On the positive side, operating profit loss has decreased by 35% to £1,200, and creditors have also decreased by 4%, settling at £1,500. Bank borrowings are at £3,900, and cash reserves have fallen by 36% to £2,500. The company’s small size allows for agility, but the decline in equity and cash raises concerns. The accounts are unaudited, and there's no mention of an auditor.

Overall, Meko Trade Ltd is a small business facing financial headwinds. While its international trading arm, Miko Trading, appears established, the company’s financial performance suggests it’s burning through money. It’s likely the company is facing some challenges in maintaining profitability, and it will be interesting to see how it navigates these pressures in the coming years.

Registered in England/Wales under the registration number 12612315, with a registered address at GL51 9DX, England, Cheltenham, 67 St. Peters Close.

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