Mgb Trading Ltd

Mgb Trading Ltd from Hereford UK: a small, active company founded four years ago, employs one person, and holds £568 in assets, generating £4,209 in yearly revenue. It’s a solo founder operation with one director and owner, Berry Michael George, and boasts a real address. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, while minimal, points to a focus on online sales. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company's address is probably real as only one company registered at the address.

Financially, Mgb Trading Ltd is showing some concerning trends. Current assets have plummeted by a staggering 93%, dropping from £8,700 to just £570. This is accompanied by a 93% decrease in net assets, leaving the company with a very small equity base. Bank cash has also fallen dramatically, down 88% to just £68. While turnover remained steady at £4,200, operating profit loss remained at -£870. The company's sole employee, Berry Michael George, isn’t receiving a salary post February 2022. These figures suggest the company is burning through cash, although it’s difficult to say whether this is a temporary setback or a longer-term issue. It’s worth noting that the company is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 12717308, with a registered address at HR1 4BF, United Kingdom, Hereford, 36 Frome Park, Bartestree.

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