Memory Express Limited

Memory Express Limited, based in Harrow, UK, is a small, active company founded 32 years ago in 1993. With three employees and £511,224 in assets, it operates from a virtual address – a fact highlighted by the presence of 113 other companies registered at the same location. The company is led by two directors and owned by Ho-young Dennis, who is also the managing director.

The business primarily retails computers, peripheral units, and software, operating in specialised stores. It’s an irregular importer and exporter of electrical machinery and equipment, with recent activity recorded in February 2023 (imports) and July 01, 2023 (exports). While the company has a website, no details are available on its functionality.

Financially, Memory Express Limited has experienced some fluctuations. Cash bank on hand decreased by 13% to £180,000, while creditors dropped significantly by 47% to £160,000. Trade debtors also saw a decline, falling 32% to £210,000. On the positive side, equity increased slightly by 1.7% to £360,000. Despite the decrease in current assets, the company’s net current assets liabilities remain stable. 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 it to remain flexible, but the changes in cash reserves and debt levels warrant attention. The accounts are unaudited, and no auditor is mentioned.

Registered in England/Wales under the registration number 02776676, with a registered address at HA1 2EN, United Kingdom, Harrow, Middlesex, Richfields, Suite 3 Congress House, 14 Lyon Road.

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