Mgm Products Limited

Mgm Products Limited, based in Kettering, UK, is a small, active company established fifteen years ago. With two employees and £338,922 in assets, it operates a real address and is led by one director and owner. The company’s Google rating stands at a respectable 4.0 based on five reviews, and it functions as a regular importer of machinery, boilers, and mechanical appliances, with 26 months of import activity recorded, the last in December 2024. Its website indicates a focus on wholesale of hardware, plumbing and heating equipment and supplies.

The company’s operations appear to be centered around importing and distributing these supplies, catering to a B2B market. The e-commerce site suggests a direct-to-customer element, though the primary focus seems to be wholesale. The fact that it’s been around for fifteen years suggests a degree of stability, but its small size—meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees)—means it’s likely agile but also vulnerable to market fluctuations.

Financially, Mgm Products Limited presents a mixed picture. While current assets increased by a modest 9.8% to £340,000, net assets only rose by 5.7% to £230,000. Bank borrowings decreased by 20% to £33,000, which is a positive sign, but cash reserves also fell by 14% to £50,000. A notable increase in loans from directors—rising 100% to £79,000—suggests the company may be relying on personal investment to fuel its operations. Trade debtors also increased by 11%, indicating a possible need to improve collection processes. The significant rise in total inventories—up 24% to £200,000—could be a strategic move to secure supply chains or a sign of overstocking. There’s no mention of an auditor, which is common for small, exempt companies.

Overall, Mgm Products Limited seems to be navigating a period of change. While it’s maintained a steady customer base and a positive online reputation, the financial data suggests it's working to manage its cash flow and potentially relying on external funding. The company’s long-term success will likely depend on its ability to efficiently manage its inventory and maintain strong relationships with both suppliers and customers.

Registered in England/Wales under the registration number 07054904, with a registered address at NN16 8DG, Kettering, 8 Cromwell Road.

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