M G A Communication Limited

M G A Communication Limited, based in Ballynahinch, Northern Ireland, is a small, active company with a 30-year history. Founded in 1994, it holds £1,083,967 in assets and operates from a real address shared by two other companies. With three directors and one owner, the business focuses on telecommunications activities, specifically operating in the "other telecommunications activities" industries. It also functions as an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, with the last import operation occurring in March 01, 2021.

The company’s website, while not providing detailed information, suggests a focus on providing telecommunications services. It’s not clear if the company operates an e-commerce platform, but the website’s presence indicates a desire to connect with potential clients online.

Financially, M G A Communication Limited presents a mixed picture. While current assets have decreased by 51% to £1,100,000, bank cash has fallen significantly by 71% to £540,000. Debtor levels have increased by a substantial 59% to £530,000, which could indicate increased sales but also potential challenges in collecting payments. Equity has also declined by 34% to £510,000. Despite these declines, creditors have decreased by 62%, suggesting improved management of short-term financial obligations. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the decrease in equity raises some questions. As a small company, it’s exempt from a full audit, and the financial statements are unaudited.

The company’s irregular import activity suggests a reliance on external suppliers, and the decline in cash reserves could be a cause for concern. The increase in debtors, however, may indicate growing sales. M G A Communication Limited appears to be navigating a period of change, and its long-term success will depend on its ability to manage its finances and adapt to market conditions.

Registered in Northern Ireland under the registration number NI028660, with a registered address at BT24 8AN, Co Down, 55 Antrim Road, Ballynahinch.

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