Milma Foods Uk Limited

Milma Foods Uk Limited, based in London, is a small, active company established seventeen years ago in 2008. With eight employees and £67,375 in assets, it operates from a real address on High Street North. The business is managed by three directors and one owner, Zaffarullah Ismail Abdul Rahman. It’s a regular importer, specializing in milling products with six months of import activity recorded, the latest in June 01, 2024. The company manufactures other food products n.e.c.

The company’s website, while basic, highlights its focus on food product manufacturing. It doesn’s appear to be an e-commerce site, but rather a informational portal detailing the company’s operations. The site lists no physical store location, suggesting a business-to-business model.

Financially, Milma Foods Uk Limited presents a mixed picture. While current assets increased by 11% to £67,000, net assets declined by 23% to -£9,100—a concerning trend. Bank borrowings decreased by 14%, which is good, but cash reserves remain relatively low at £12,000. Trade debtors increased by 26%, which could indicate an expanding customer base or potential issues with payment collection. The company meets two of three conditions to be considered small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

The company’s reliance on imports, coupled with the negative equity, suggests it's burning through money. The decrease in net assets could be due to increased operating expenses or investments in the business. The fact that the company has only one owner, and the owner’s name is listed on the site, could mean that the company is heavily dependent on the owner’s expertise and resources. The company's financial health needs to be closely monitored, and it's important to see if the company can turn its financial situation around.

Registered in England/Wales under the registration number 06574576, with a registered address at E12 6PH, England, London, 346 High Street North.

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