Mint Office Supplies Ltd

Mint Office Supplies Ltd, based in Rochdale, UK, is a small, active company founded nine years ago. With a single employee and £5,356 in assets, it operates from a virtual address – a detail highlighted by the fact that thirty-five companies share the same address. The business is led by one director and owner, Urmston Lyndsay, and enjoys a perfect 5.0 Google rating based on one review.

The company specializes in retail sale via mail order houses or via internet, a business model that likely relies heavily on its online presence. While a website wasn’s provided, it’s reasonable to assume it’s an e-commerce operation, selling office supplies directly to customers.

Financially, Mint Office Supplies Ltd shows a concerning trend. Cash bank on hand has fallen by a significant 72%, dropping to just £3,700. Current assets have also decreased by 66%, leaving only £5,400. Equity has plummeted 76%, settling at a low £2,700. While creditors have decreased by 43%, suggesting better debt management, the sharp decline in assets and equity indicates a potential struggle. Trade debtors have remained stable, however, at £2,600. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the equity drop is a worry. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Overall, Mint Office Supplies Ltd appears to be facing financial headwinds. While its online presence and positive customer reviews are encouraging, the declining asset base and low equity suggest a need for careful management to avoid burning through money.

Registered in England/Wales under the registration number 09731988, with a registered address at OL11 2YW, United Kingdom, Rochdale, Office 19 Arrow Mill, Queensway.

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