Midon Limited

Midon Ltd, based in Warrington, UK, is a small, active company founded six years ago in 2019. With 16 employees and £1,044,947 in assets, it operates from a real address and is led by three directors and two owners – a family business. The company is a regular exporter of clothing and accessories made by knitting or crocheting (11 months), but an irregular importer of miscellaneous metal items (2 months).

Midon Ltd’s core business revolves around logistics services, as detailed on its website. It provides distribution, forwarding, fulfilment, and warehousing solutions, targeting businesses looking to grow through global logistics. The website highlights expertise in transporting goods worldwide, offering customised solutions and a focus on customer service. The company's website also mentions working with a variety of industries, including sea and coastal freight, air freight, and warehousing.

Financially, Midon Ltd’s recent performance shows some concerning trends. Accumulated depreciation for computer equipment increased by 66%, while furniture fittings saw a 72% rise. Bank borrowings decreased by 48%, and cash bank on hand fell by a significant 62%. Creditors also decreased by 24%, suggesting improved debt management. However, net assets increased by 14%, and finished goods remained constant. Trade debtors decreased by 26%, and work in progress increased by 88%. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in cash reserves warrants attention. There’s no mention of an auditor, likely due to its small size and exemption from audit.

Overall, Midon Ltd appears to be navigating a period of change. While its logistics services seem well-positioned, the declining cash reserves and increasing depreciation suggest a need for careful financial management. The company's family ownership and focus on customer service could be key to its long-term success.

Registered in England/Wales under the registration number 11903697, with a registered address at WA4 4SN, England, Warrington, Cheshire, Unit 3d Warrington South Distribution Park Lyncastle Road, Appleton.

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