Mirimar Limited

Mirimar Ltd from Rayleigh UK is a small company with an active status, founded 20 years ago. It employs one person and holds £88,516 in assets, operating from a real address with one director and owner. The company regularly imports electrical machinery and equipment – a consistent activity spanning 60 months, with the latest import recorded in March 2024 – and has recently started exporting, with four months of export activity, the last in February 2024. The company operates in the computer facilities management activities industries.

While Mirimar Ltd’s website is currently unavailable, its business appears focused on the import and export of electrical machinery and equipment. The company's core activity is likely centered around facilitating the movement of these goods, potentially acting as a distributor or trading partner.

Financially, Mirimar Ltd presents a mixed picture. Current assets have seen a significant increase, jumping 120% to £89,000, which is good news. However, net assets have fallen dramatically, dropping 100% to just £250, a concerning trend. Bank borrowings have decreased by 31%, and cash reserves have fallen 64% to £5,600. Creditors have also increased by 31%, and trade debtors have risen by 310%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the equity drop is a worry. No auditor is mentioned, so the figures are unaudited.

It’s clear that Mirimar Ltd is facing some financial pressure, despite the increase in current assets. The sharp drop in equity suggests the company may be burning through cash, or perhaps has taken on new liabilities. The increase in trade debtors could indicate difficulties in collecting payments from customers. It’s possible the company is investing in new equipment or expanding its operations, which would explain some of these changes.

Registered in England/Wales under the registration number 05227277, with a registered address at SS6 7TR, Rayleigh, Essex, 7 Arterial Road.

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