Mgd Products Limited

Mgd Products Ltd, based in Stoke-on-Trent, UK, is a small, active company established 22 years ago. With just two employees and £249,172 in assets, it’s a modest operation overseen by three directors and a single owner. Boasting a stellar 5.0 Google rating from 23 reviews, the company specializes in importing furniture, lighting, and prefabricated buildings—though its import activity has been irregular, with just one month of imports recorded as of February 2018.

The company’s website, MGD Online, showcases a wide range of products catering to outdoor and leisure activities. From cool box coolers and infrared heater bulb elements to camping gear and patio heaters, the site serves both consumers and commercial clients. It also features a section dedicated to gas barbecues and caravan/camping accessories. The website’s layout suggests a traditional e-commerce model, with clear product categories, featured items, and a straightforward checkout process. It’s clear they’re trying to offer a one-stop shop for outdoor equipment.

Financially, Mgd Products Ltd shows some concerning trends. Current assets have fallen by 18% to £250,000, while net assets have dropped 19% to £200,000. Bank cash reserves have also declined by 20%, settling at £170,000. However, there’s a positive sign: creditors have decreased by 14%, indicating improved debt management. Trade debtors have increased by 13%, which could be a sign of expanding credit terms or delayed customer payments. The company’s small size (meeting two of three criteria for being a small company) allows for flexibility, but the decrease in equity raises questions. As a small company, it is exempt from an audit, so the numbers are unaudited.

Overall, Mgd Products Ltd appears to be navigating a period of financial pressure. While its Google rating and product range suggest a healthy customer base, the declining assets and equity warrant close monitoring.

Registered in England/Wales under the registration number 04536620, with a registered address at ST4 2SE, Stoke, Staffs, Unit 6 Flynn Row, Fenton Industrial Estate.

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