Memory Lane Media Ltd

Memory Lane Media Ltd, based in Hornchurch, UK, is a small, active company established 22 years ago. With just two employees and £196,805 in assets, it’s a solo-founded operation managed by two directors and one owner. The company operates from a virtual address, registered with 312 other businesses, and irregularly imports umbrellas, sun umbrellas, walking sticks, and similar items—the last import activity was recorded one month ago in May 2022. It's a small business as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company’s website is currently unavailable, making it difficult to ascertain its specific operations beyond the import data. It appears to operate within the “other publishing activities” industry, suggesting a potential focus on music licensing, archival content, or similar media-related services.

Financially, Memory Lane Media Ltd’s recent performance shows a worrying trend. Current assets have fallen by 17%, dropping to £200,000, while net assets have plummeted a staggering 1800%, resulting in a negative balance of -£58,000. Cash reserves have vanished, falling 98% to just £290. Bank borrowings have also decreased, falling 5.4%, and trade debtors have fallen 6.5%. The company’s equity is in a negative position, suggesting it’s burning through money. It's not clear if the company is struggling to pay its debts or if it's reinvesting heavily in its business. The lack of an auditor mentioned suggests the company is exempt as a small company, and the financial statements rely on director-reported data.

In short, Memory Lane Media Ltd is facing financial headwinds. While the company's history and niche import activities suggest potential, the recent financial data paints a concerning picture.

Registered in England/Wales under the registration number 04748440, with a registered address at RM11 1XP, United Kingdom, Hornchurch, Essex, Suite 1 Concept House, 23 Billet Lane.

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