Mh Retail Store Ltd

MH Retail Store Ltd, based in Sheffield, UK, is a small, active company founded three years ago. With a single employee and £158,986 in assets, it operates from a real address and is managed by one director and owner. The business specializes in retail sales through online platforms, offering a wide range of products, including Ring security products, Google Nest devices, and Blink security systems.

The company’s website showcases a comprehensive selection of smart home security solutions, with a strong emphasis on Ring products. It operates as an official reseller, offering free next-day delivery for orders over £100 and highlighting competitive pricing compared to Amazon. Customer reviews are prominently displayed, boasting an average rating of 4.65 out of 99, and the site caters to customers across Europe and beyond.

Financially, MH Retail Store Ltd presents a mixed picture. Cash reserves have seen a significant boost, increasing by 5500% to £12,000, a very positive sign. However, creditors have risen considerably, increasing by 110% to £210,000, which could indicate increased reliance on short-term financing. Equity, however, has taken a substantial hit, dropping 270% to -£47,000, suggesting accumulated losses are impacting the company's net worth. Trade debtors have vanished completely, a curious development that warrants further investigation. The company meets the criteria for a small business, with turnover below £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it's exempt from an audit, and the figures are unaudited.

Despite the challenges, the company's strong online presence and positive customer feedback suggest a solid foundation. Whether it can navigate the financial pressures and sustain its growth trajectory remains to be seen.

Registered in England/Wales under the registration number 13596023, with a registered address at S10 5FR, England, Sheffield, 301 Lydgate Lane, Crosspool.

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