Miracle International Limited

Miracle International Ltd from Chesham, UK, is a small, active company established 34 years ago. With 11 employees and £380,694 in assets, it operates from a virtual address and is managed by three directors and a single owner. The company regularly imports essential oils and perfumes (19 months), while sporadically exporting machinery, boilers, and mechanical appliances (1 month).

The business is a freight transport by road company, with a real registered address, and a strong presence online. It appears to be a relatively small operation, meeting two of the three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s worth noting that 181 companies share the same address, which raises questions about the nature of its location.

Looking at the financials, there's a mixed picture. Creditors have risen significantly by 47%, while debtors have increased by 16%. Cash bank on hand has decreased by 36%, and net assets have fallen by 8.3%. While bank borrowings have decreased, the company’s net current assets have also dropped by 27%. The company’s trade debtors have increased, suggesting that customers are taking longer to pay, or perhaps the company is extending credit terms to boost sales. The decrease in cash reserves could be due to increased operating expenses or investments in the business.

The company's financial data reveals a concerning trend of increased liabilities and decreased equity, suggesting it may be burning through cash. The lack of an auditor mentioned, typical for a small company, means the figures are unaudited. It’s also worth noting that the list of directors was changed four months ago, which is a good sign, suggesting a possible restructuring or fresh perspective.

Registered in England/Wales under the registration number 02507912, with a registered address at HP5 1PE, England, Chesham, Buckinghamshire, Unit 7a Waterside Business Park, Waterside.

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