Midbury Ltd

Midbury Ltd from Enfield UK is a small, active company founded eight years ago. While currently facing overdue accounts and confirmation statements, it employs twenty people and holds £811,528 in assets. The company is led by a solo founder and has one director and owner, Tan Sinan Kango. Midbury Ltd regularly imports cereal and milk-based food products, with the latest import operation made on June 01, 2024.

The company operates in the retail sale via mail order houses or via internet industries. Its website, Midbury Industries, Inc., details a custom plastic injection molding service, offering CAD engineering, mold design, decorating, assembly, packaging, and secondary operations. They cater to a wide range of industries, including cosmetics, crafts, toys, automotive, and construction, producing parts like containers, displays, and hardware. Midbury prides itself on topnotch customer service and competitive pricing.

Financially, Midbury Ltd shows some concerning trends. Cash bank on hand dropped significantly by 55% to £55,000, while current assets decreased by 29% to £810,000. Trade debtors increased by 52%, suggesting potential issues with customer payments. Creditors also decreased by 27%, which could be a positive sign of improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decline in equity to -£58,000 is a significant red flag. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Midbury Ltd appears to be facing financial pressures, despite its active import operations and established plastic injection molding services. The company’s ability to navigate these challenges will depend on its ability to manage its debts and maintain its customer base.

Registered in England/Wales under the registration number 10135646, with a registered address at EN1 1SP, England, Enfield, Unit 2c Martinbridge Estate.

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