Midka Ltd

Midka Ltd from London UK: small company, active status, founded 4 years ago, £58 assets, virtual address, 1 director, no owners. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £58. The company operates in the non-specialised wholesale trade, the retail sale via mail order houses or via internet, the other retail sale not in stores, stalls or markets industries. Officially, it has not published owners as their shares less than twenty five percent for each shareholder. It has one director and no number of employees published.

Horseed Media’s website is primarily a news portal focusing on Somali news and analysis, with a strong emphasis on the Horn of Africa region. The site features a mix of Somali and English language content, covering topics ranging from politics and conflict to business and culture. It’s not an e-commerce site; instead, it functions as a platform for disseminating information and opinion pieces. The site is regularly updated with news articles, reports, and features, indicating ongoing editorial activity. The prominence of recent events, such as the conflict in Sudan and political developments in Somaliland, suggests a focus on current affairs. The inclusion of sections like "Opinion" and "Featured Opinion" highlights the site's commitment to providing diverse perspectives on complex issues. While the site doesn’s directly sell products, the presence of advertising and links to external resources indicates a revenue generation strategy.

Financially, Midka Ltd is showing some concerning trends. Current assets are incredibly low at just £58, a significant drop from previous years, and net assets are a negative £9,700. Bank borrowings have increased considerably, and cash reserves are practically non-existent. While the company’s small size allows for agility, the sharp decline in equity and the reliance on creditors raises questions about its long-term viability. The lack of employees (zero reported) and the absence of an auditor (likely exempt as a small company) mean the financial data relies heavily on director-reported figures. It’s possible the company is experiencing typical startup challenges, but the low asset base and negative equity suggest it's burning through cash quickly. The lack of published owners also makes it difficult to assess the level of personal investment and commitment to the business.

Registered in England/Wales under the registration number 12746270, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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