Milange Limited

Milange Limited is a small, active company based in London, UK, established thirteen years ago in 2011. With two employees and £67,481 in assets, it operates from a real address in Shepherds Bush. The company is led by one director and one owner, Olha Mykhalchuk, who also serves as the company's consultant. It's classified as a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's primary function is wholesale of other food, including fish, crustaceans and molluscs, and other service activities not elsewhere classified. It operates a website, melangedevelopers.com, which details its services in grit sand blasting, protective coatings, and civil construction. The site highlights a history dating back to 1997, showcasing projects and expertise in anti-corrosive treatments, epoxy coating, and other related fields. It seems like a completely different business than the import/wholesale operation.

Financially, Milange Limited’s recent performance presents a mixed picture. Accumulated depreciation on property, plant, and equipment increased by 21%, while cash bank on hand decreased by 19% to £32,000. Creditors rose by 9% to £88,000, and trade debtors increased significantly by 84% to £36,000. A concerning trend is the sharp decline in equity, with retained earnings and accumulated losses dropping 130% to -£590. Despite these challenges, the company’s net current assets improved slightly, decreasing from -£22,000 to -£20,000. The accounts are unaudited and prepared under the small entities regime.

Overall, Milange Limited appears to be navigating a period of financial strain, with decreasing equity and a reliance on bank borrowings. While the company’s diversified services and real address suggest a stable foundation, the financial data indicates a need for careful management and potentially a reevaluation of its import and wholesale strategies.

Registered in England/Wales under the registration number 07815777, with a registered address at W12 7JD, England, London, 208 Uxbridge Road, Shepherds Bush.

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