Mfc Sports Limited

MFC Sports Limited, based in Derry, Northern Ireland, is a small, active company founded nine years ago in 2016. Employing 25 people, it holds £254,024 in assets and operates from a real address at Springtown Industrial Estate. With four directors and two owners, the company is a family business running an e-commerce site and boasting a Google rating of 4.0 from 15 reviews. It’s a regular importer of clothing and accessories, not knitted or crocheted, with 140 months of import activity recorded.

The company’s website, though not detailed, indicates a focus on retail sales of sports goods, fishing gear, camping goods, boats, and bicycles. It’s clear that MFC Sports Limited is a supplier of sporting equipment, catering to both individual consumers and potentially larger retailers. The business seems to have a strong online presence, leveraging e-commerce to reach a wide customer base.

Financially, MFC Sports Limited’s recent performance presents a mixed picture. Current assets have decreased by 47%, falling to £250,000, while net assets have dropped a significant 52%, settling at £61,000. Bank borrowings have surged by 150%, reaching £320,000, and cash reserves have fallen 20%, sitting at £470,000. Creditors have decreased by 92%, suggesting improved debt management, however. The company’s small size—meeting two of three criteria for being a small company—allows for agility, but the decline in equity is a concern. No auditor is mentioned, likely due to the company’s exemption as a small business.

Overall, MFC Sports Limited appears to be navigating a period of change. While the company’s online presence and import activity remain active, the financial data suggests a need for careful management. The company’s ability to maintain its market position will depend on its ability to address these financial challenges and capitalize on the growing demand for sporting goods.

Registered in Northern Ireland under the registration number NI638142, with a registered address at BT48 0LY, Northern Ireland, Derry, Unit 13 Unit 13, Springtown Industrial Estate, Springtown Road.

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