Miroad Rubber Limited

Miroad Rubber Ltd, based in Llandudno Junction, UK, is a small, active company established a decade ago. With a single employee and £171,929 in assets, it operates from a virtual address shared by numerous other businesses. The company is led by one director and owner, Lian Pei Chee, and has been importing rubber and rubber products for a consistent 66 months, with the latest import occurring in November 2024. It also exports these products, though less frequently, with 7 months of export activity recorded, the last in June 2021.

The company’s website, miroadrubber.co.uk, showcases a range of safety surfacing solutions, including wetpour, recycled rubber tiles, and other products for playgrounds, sports courts, and equestrian installations. They cater to both commercial and leisure sectors, offering a wide variety of colours and binders, and even providing technical advice on quantities and critical fall heights. The website also directs visitors to miroadrubber.com for more information. The company is distributed throughout the UK and Europe, operating from a unit in Bridgwater, Somerset.

Financially, Miroad Rubber Ltd presents a mixed picture. While current assets have increased by 17% to £170,000, net assets have decreased by 5% to -£220,000, indicating a reliance on debt financing. Bank borrowings are significant, and cash reserves have fallen considerably, dropping 69% to just £7,500. Trade debtors have increased by 61%, which could be a sign of slower payments from customers, or a strategic move to offer more credit. Creditors have also risen by 3.4%, suggesting the company is utilizing credit lines to manage its operations. The company’s small size—meeting two of three criteria for being considered small—helps it remain flexible, but the negative equity raises concerns. As a small company, it’s exempt from an audit, so the financial data is unaudited.

The company’s focus on safety surfacing and its consistent import/export activity suggest a steady business, but the declining equity and reliance on debt warrant careful monitoring. The management team, with its recent changes, could be working to address these challenges, but the long-term financial health of Miroad Rubber Ltd remains to be seen.

Registered in England/Wales under the registration number 09176594, with a registered address at LL31 9XX, United Kingdom, Llandudno Junction, Conwy, C/O Clear Accounting Ltd, Conwy Business Centre.

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