Milk & Water Ltd

Milk & Water Ltd is a small, active company based in London, UK, founded three years ago in June 2021. It holds £465,508 in assets and operates from a virtual address shared by many other companies – a bit odd, really. With four directors and three owners (though the list might not be exhaustive), it’s a family business navigating the import market. They're irregular importers, primarily dealing in miscellaneous manufactured goods, with their last import operation recorded two months ago in October 2023.

Their website, currently under construction, hints at a new venture: Generation2 bottles. The site’s simple message – "New site launching soon!" – and password-protected access suggest a soft launch or a beta phase. It’s clear they’re transitioning from their current operations to something new, and are hoping to get customers excited.

Financially, Milk & Water Ltd’s situation is a mixed bag. While current assets have fallen by 41% to £210,000, and net assets have plummeted 50% to £75,000, there are some positives. Creditors have decreased significantly by 89%, which is good news for debt management. However, cash reserves have fallen dramatically, dropping 96% to just £12,000. Bank borrowings remain unchanged at £110,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s nimble, but the sharp drop in equity is concerning. The company operates in the other manufacturing n.e.c., the retail sale via mail order houses or via internet industries. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Milk & Water Ltd appears to be facing some financial headwinds, but their new website and focus on Generation2 bottles suggest a strategic shift and a hope for a brighter future.

Registered in England/Wales under the registration number 13464680, with a registered address at WC2H 9JQ, United Kingdom, London, Greater London, 71-75 Shelton Street.

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