M I Electronics Ltd

M I Electronics Ltd from Preston UK: a small, active company founded just one year ago, holds £17,572 in assets, and operates from a real address. It’s a solo founder venture led by a single director and owner, Patel Iqbal Ghulam Ahmed. The company’s status is active, and it’s been incorporated since June 07, 2023. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, MI Electronics Co., Ltd., presents a typical B2B e-commerce platform. It invites users to “Join Free Sign In” and showcases a range of products. The site emphasizes its role as a supplier, offering a “Seller's Store” and “On GobizKorea” features, suggesting a focus on connecting with international buyers. It’s clear that the company is actively trying to expand its reach through online marketplaces. The website has a clean, professional design, and it's easy to navigate, which is important for attracting and retaining customers.

Financially, M I Electronics Ltd’s picture is a little concerning. While it’s a small company (meeting two of three conditions for size), its net assets are a negative £400—a significant loss. Cash reserves are a meager £1,300, and creditors are £18,000. Trade debtors are also high at £14,000, suggesting potential issues with collecting payments. The company’s retained earnings and accumulated losses are also negative. The lack of employees (zero reported) keeps overhead low, but the reliance on external financing (creditors) and the negative equity suggest a startup struggling to gain traction. The accounts are “Filleted Accounts” and “Audit Exempt” so there's no auditor mentioned. The company's revenue recognition policy states that turnover is measured at the fair value of the consideration received.

Registered in England/Wales under the registration number 14921822, with a registered address at PR1 4JU, England, Preston, 21 James Street.

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