Mh Trendy Ltd

Mh Trendy Ltd from Manchester UK: a small, active company founded eight years ago, boasts £878,753 in assets, and operates from a real address. With one director and one owner, it runs an e-commerce site and regularly imports leather goods, travel bags, and animal harnesses—a consistent pattern over 92 months, though the last import was back in June 2021.

The company’s website, Moda Handbag, positions itself as a wholesaler of handbags and accessories. It offers a wide range of products, including shoulder bags, tote bags, and evening bags, and emphasizes fast service, competitive prices, and a Manchester showroom. The site caters to retailers, promising great profit margins and even offers a manufacture-to-order option. It's clear they're aiming to be a one-stop shop for handbag retailers.

Financially, Mh Trendy Ltd presents a mixed picture. Current assets have decreased by 8.6% to £880,000, and net assets have fallen by 0.98% to -£1,100,000. Bank borrowings have dramatically reduced by 100%, dropping to zero—a positive sign. However, cash reserves have also declined significantly by 82%, leaving only £13,000. Creditors have increased by 11%, and there’s a substantial increase in “other creditors” – a concerning trend. The company's small size (meeting two of three conditions for being small) means it’s likely exempt from an audit, so the figures are unaudited.

It seems Mh Trendy Ltd is facing some financial challenges. While it’s still operating, the decline in cash and the increase in creditors suggest it’s burning through money. Perhaps the reduced bank borrowings are a result of a conscious effort to manage debt, but the overall trend indicates a need for careful financial management.

Registered in England/Wales under the registration number 10635198, with a registered address at M8 8HW, England, Manchester, 59a Derby Street.

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