Miloco Builds Limited

Miloco Builds Limited, based in London, UK, is a small, holding company with an active status. Established ten years ago in 2015, it employs just one person and holds assets totaling £662,031. The company has a real address and is overseen by one director and one owner. It operates as an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of import activity recorded in 2022, and exports musical instruments and parts, with two months of export activity as of 2021.

The company’s website reveals a specialized focus: designing and constructing bespoke recording studios. Miloco Builds boasts 40 years of experience in the music industry, connecting acoustic design with the unique needs of artists. Services range from initial design and construction to technical fitouts and custom furniture, catering to both established artists and commercial spaces like hotel chains. The website also highlights a sister company, Miloco Gear, providing equipment expertise and installation services.

Financially, Miloco Builds Limited presents a mixed picture. Current assets have decreased by 22% to £660,000, while net assets have risen by 40% to £110,000. Bank borrowings remain stable at £10,000, but cash reserves have fallen by 42% to £150,000. Creditors have also decreased by 28%, suggesting improved debt management. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and no auditor is mentioned, likely due to exemption as a small company.

The company’s financial trends suggest a period of transition. While asset values have declined, the increase in net assets indicates improved equity. The drop in cash reserves, however, warrants attention, and the company’s reliance on creditors suggests a need for careful financial management. The company’s specialized focus on studio design and construction, however, positions it well within a niche market, and its long-standing experience in the music industry provides a competitive advantage.

Registered in England/Wales under the registration number 09484661, with a registered address at SE1 4SP, England, London, 36 Leroy Street.

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