Mg Solutions (uk) Ltd

Mg Solutions (uk) Ltd, based in Derby, UK, is a small holding company with an active status, established twelve years ago in 2012. The company employs seven people and holds £1,385,490 in assets. It operates from a real address, with three directors and one owner reported. Mg Solutions (uk) Ltd is an irregular importer, primarily dealing in rubber and rubber products, with the most recent import activity occurring in June 2024. The company’s core business is described as operating in the other specialised construction activities n.e.c. industries.

The company’s website primarily serves as a portal for MG Contract Hire customers. It provides access to invoices, information about MG products, and a dealer portal. The site also details services offered by MG Fleet Solutions, a subsidiary trading as Arval UK Limited, which includes fleet management and financial services. The website provides contact details and links to privacy statements, cookies policies, and terms of use.

Financially, Mg Solutions (uk) Ltd’s recent performance presents a mixed picture. While current assets have increased significantly, rising 150% to £1,400,000, other key indicators raise concerns. Cash bank on hand has plummeted 85%, dropping to just £17,000. Debtors have exploded, increasing by an astonishing 1,800% to £990,000, suggesting potential issues with customer payments. Creditors have also risen considerably, up 130% to £31,000. The company’s net assets have increased by 95% to £640,000, but the sharp rise in debtors and decline in cash reserves warrant closer scrutiny. The company’s small size (meeting two of three conditions for being small) allows for agility, but the recent trends suggest it may be burning through money. There is no auditor mentioned, indicating it is likely exempt from an audit as a small company.

Registered in England/Wales under the registration number 08196298, with a registered address at DE21 7AZ, United Kingdom, Derby, Derbyshire, Zenith Point Belmore Way, Westside Park.

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