Minds At Work Ltd

Minds Work At Ltd from London UK is a small, active company founded twelve years ago in 2012. Employing just three people, it holds £58,058 in assets and operates from a virtual address—a detail flagged by the registration of 885 other companies at the same location. The company is overseen by two directors and has one owner, Balazsik Peter.

The business focuses on retail sales via mail order and the internet, offering a range of products. While the exact nature of these products isn's clear, the company's website suggests a focus on creative and design-related items. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Minds Work At Ltd presents a mixed picture. Bank borrowings decreased by 11% to £34,000, and cash reserves remained steady at £58,000. However, creditors increased by 42% to £14,000, and net assets remained at £11,000. The company’s small size helps it stay nimble, but the increase in creditors suggests a need to manage its short-term liabilities. There's no mention of an auditor, likely due to the company’s exemption as a small entity.

The company’s financial data shows a slight decrease in the number of employees from three to two, a 33% reduction. While the company’s assets and cash reserves remained relatively stable, the increase in creditors may indicate a need for improved cash flow management. It’s a little concerning, but not necessarily a sign of serious trouble.

Registered in England/Wales under the registration number 08294725, with a registered address at N1 7GU, London, 20-22 Wenlock Road.

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