Miltin Crafts Ltd

Miltin Crafts Ltd from Newcastle Upon Tyne, UK, is a small, active company founded four years ago. Confirmation is currently overdue by one month, and the company employs just one person, holding assets valued at £19,859. It's led by one director and owner, operating from a real address.

The company’s website, Milton Garden Products, showcases a wide array of gardening and building supplies, from aggregates and paving to fencing and timber. It's clearly an e-commerce operation, offering same-day collection and delivery, with a focus on a broad product range catering to both trade and retail customers. The site features numerous categories, including aggregates, paving, fencing, timber, garden, building products, and artificial turf, indicating a diverse inventory and a desire to be a one-stop shop for home and garden needs.

Financially, Miltin Crafts Ltd presents a mixed picture. Cash bank on hand has decreased by 24% to £13,000, while net assets liabilities have also fallen by 37% to -£2,300. Trade debtors have plummeted by a significant 88%, suggesting improved collections or a shift in payment terms. However, creditors have also decreased by 6.4%, and total inventories have surged by 200% to £6,800, which could indicate increased stock levels. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is a cause for concern. The accounts are unaudited and filed as “filleted,” meaning they are simplified and don’t require a full audit.

It seems the company is holding a lot of stock, which could be a risk if sales don’t pick up. The drop in cash and the negative equity suggest it’s burning through money, but the decrease in debtors is a positive sign.

Registered in England/Wales under the registration number 13239138, with a registered address at NE15 6RU, United Kingdom, Newcastle Upon Tyne, Roselodge House, Apartment 13, Lodge 01 Benwell Lane.

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