Mi Couriers Limited

Mi Couriers Limited, based in Manchester, UK, is a small, active company founded eight years ago. With six employees and £26,488 in assets, it operates from a virtual address, registered at a location shared by eighty-three other companies. The company is led by one director and has two owners, with Ahmed Tanveer and Ibrar Mohammed listed as shareholders. It boasts a solid 4.0-star Google rating from 35 reviews.

The company specializes in courier services, operating nationwide 24 hours a day, 365 days a year. Its website highlights a range of services including same-day courier, warehousing, two-person delivery, medical courier, and international services. It caters to businesses of all sizes, offering bespoke solutions and emphasizing a family-run, end-to-end service. Testimonials praise its efficiency, reliability, and accommodating staff, particularly within the manufacturing and 3PL sectors. Recent news items showcase its commitment to diversity and expansion, including the addition of new vehicles to its fleet.

However, a review of the company’s financial data reveals some concerning trends. Current assets have decreased by 22%, dropping to £26,000, while net assets have fallen by 36% to £34,000. Bank borrowings have increased, with a sudden jump of £1800. Creditors have risen by 46%, and trade debtors have plummeted by 40%. Cash reserves have also shrunk by 14%, down to £9,700. While the company meets the criteria to be considered small—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the decline in equity and the increase in debt suggest it’s facing financial pressures. The lack of an auditor mentioned implies that the financial statements are unaudited, relying on director-reported data. It’s likely that the company is burning through money, although it’s difficult to say for sure without more information.

Registered in England/Wales under the registration number 10660844, with a registered address at M43 6PW, England, Manchester, 272 Manchester Road, Droylsden.

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