Mirza Enterprises Ltd

Mirza Enterprises Ltd from London UK: a small, active company founded three years ago, holds £9,215 in assets, operates from a virtual address, and is led by two directors and a single owner who is also the solo founder. The company meets two of the three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The business focuses on retail sales through mail order and the internet, as evidenced by its website. While no direct e-commerce presence is immediately apparent, the description suggests an online retail model. The company operates in the retail sale via mail order houses or via internet industries.

Financially, Mirza Enterprises Ltd presents a mixed picture. Current assets have increased significantly, jumping 480% to £9,200, while cash reserves have fallen 6.6% to £1,500. Creditors have risen 73%, reaching £12,000, and bank borrowings have increased to £2,700. Equity, however, has improved, decreasing from a negative -£3,800 to -£1,400. The company's small size helps it remain agile, but the increase in creditors and bank borrowings could indicate a need for better cash flow management. The accounts are described as “filleted” and unaudited, which is typical for small companies exempt from an external audit.

The company's virtual address, shared by 47,532 other businesses, is a point of note. It suggests a cost-saving measure, but also raises questions about the physical presence and operational infrastructure. The increase in bank borrowings is a little concerning, but the increase in current assets is a positive sign.

Registered in England/Wales under the registration number 13833831, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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