Mg Studio Ltd

Mg Studio Ltd, based in Eastbourne, UK, is a small, active company founded nine years ago. With twelve employees and £1,032,538 in assets, it operates from a virtual address, managed by a single director and owner—a solo founder. The company regularly imports and exports clothing and accessories, excluding knitted or crocheted items, with 41 months of import activity and 275 months of export activity recorded.

The company’s website reveals a focus on bespoke landscape design, positioning itself as a provider of high-end garden spaces. It emphasizes expertise, awards (including a 2022 win), competitive rates, and personalized consultations. The site showcases current projects and highlights a commitment to improving health and well-being through landscape architecture. It's clear that the business isn't focused on e-commerce; instead, it’s a service-based operation relying on direct client engagement.

Financially, Mg Studio Ltd presents a mixed picture. Cash bank on hand has dropped significantly, down 69% to £9,200, while creditors have risen considerably, increasing by 41% to £110,000. Debtor levels have also decreased by 16%, and equity has fallen by 39% to £300,000. While current assets have increased by 24% to £1,000,000, the decrease in equity and cash reserves suggests the company may be burning through money. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is likely due to its small size and exemption from an audit.

Overall, Mg Studio Ltd seems to be navigating a period of change. While its design services appear to be in demand, the financial data indicates a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 09566577, with a registered address at BN21 4SF, United Kingdom, Eastbourne, East Sussex, 53 Gildredge Road.

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