Mgi International Ltd

Mgi International Ltd is a small, active company based in London, UK, founded just one year ago in June 1994. With £121 in assets and a real registered address, it's a modest operation managed by two directors and two owners. The company operates in the retail sale via mail order houses or via internet industries.

The company's website highlights a focus on “innovating greener for a sustainable future,” offering “green innovative products and services” anchored by an AI-assisted strategy execution framework. It positions itself as a global trader, promoting consumer value and supporting the international community in utilizing ecofriendly materials and technologies. The website also mentions engagement in AI-assisted solutions through IT services and consulting, aiming to enable digital transformation for private companies and government agencies. The company’s core values are excellence, integrity, commitment, and teamwork.

Financially, Mgi International Ltd’s situation appears challenging. Current assets are a mere £120, and net assets are a negative £97. Bank cash is also at a low £120. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) does help with agility, but the negative equity suggests a reliance on external funding or a need to improve profitability. Creditors are at £220, and there are no employees reported. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

While the website projects a vision of sustainability and innovation, the financials reveal a company struggling to establish a solid financial foundation. It’s possible the company is still in its early stages, reinvesting heavily in growth, but the negative equity is a cause for concern.

Registered in England/Wales under the registration number 14916695, with a registered address at E8 1LL, United Kingdom, London, Capital House, 61 Amhurst Road.

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