Mg International Trade Ltd

Mg International Trade Ltd, based in Hatch End, UK, is a small, active company founded ten years ago in 2014. With £4,007 in assets and a virtual address shared by ninety-three other companies, it’s a compact operation managed by three directors and one owner. The business operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, three directors and no number of employees published.

The company’s website is not available, so it’s difficult to determine the specifics of their online presence. However, the retail sale via mail order houses or via internet industries suggests an e-commerce focus, though without a website, it’s impossible to confirm the scale or sophistication of their online operations. It’s likely they are selling products directly to consumers through platforms like eBay or Amazon, or perhaps through a smaller, less visible online store.

Financially, Mg International Trade Ltd shows a concerning trend. Current assets have decreased by 50%, dropping to just £4,000, while net assets have plummeted 160%, reaching -£6,300. Bank borrowings have not changed, and cash reserves have not changed. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop suggests a company struggling to maintain financial stability. The accounts are unaudited, which is common for small companies, and there is no auditor mentioned. The company’s liabilities have increased, which is not a good sign. The company’s equity is negative, which is not a good sign.

Registered in England/Wales under the registration number 09219713, with a registered address at HA5 4HS, England, Hatch End, 262 Uxbridge Road.

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