Merchant & Found Limited

Merchant & Found Limited, based in London, UK, is a small, active company founded seven years ago. It employs six people and holds assets totaling £930,461. With two directors and two owners, the company operates from a real address and has been steadily importing and exporting furniture, lighting, and prefabricated buildings for 26 and 53 months respectively. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s operations center around acting as agents involved in the sale of furniture, household goods, hardware and ironmongery. While no website is available to examine, this suggests a B2B focus rather than direct consumer sales. The company’s role appears to be connecting suppliers with retailers or businesses needing these products.

Financially, Merchant & Found Limited’s picture is a little complex. Current assets have increased by 31% to £930,000, which is a positive sign. However, net assets have decreased by 33% to -£790,000, a significant drop that warrants further investigation. Bank borrowings have decreased by -10% to £42,000. Trade creditors have increased by 31% to £1,500,000, suggesting a reliance on credit from suppliers. The company's average number of employees has increased by 33% to eight, which could be a result of increased business activity.

Despite the decrease in net assets, the company’s cash bank on hand has seen a remarkable increase of 530% to £5,800. This could indicate improved cash flow management or a recent influx of funds. The company’s property, plant, and equipment have decreased by 15% to £54,000.

The company’s unaudited accounts, prepared using VT Final Accounts software, indicate a focus on managing creditors and maintaining a positive cash position. The increase in employees suggests the company is expanding its operations, but the negative equity raises questions about long-term financial stability. The lack of an auditor mentioned is typical for small companies exempt from audit requirements.

Registered in England/Wales under the registration number 11124623, with a registered address at W1U 6DZ, London, M.Law 3a Montagu Row, Marylbone.

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