Mjbd Limited

Mjbd Limited, based in Downpatrick, UK, is a small, active company founded three years ago in 2022. With £156,365 in assets, a real registered address, and a solo founder who also serves as director and owner, it’s a lean operation. The company operates in the retail sale via mail order houses or via internet industries.

Mjbd Limited’s website, while not fully developed, suggests a focus on online retail, though specifics are currently unavailable. The business appears to be a single-person venture, with Matthew Denvir James listed as both director and owner. The company's registration address is BT30 6PH, Northern Ireland, Downpatrick, 4 Slaney Park, and only one other company is registered there, suggesting a real address.

Financially, Mjbd Limited presents a mixed picture. Cash reserves have increased significantly, jumping 280% to £110,000, a positive sign. However, creditors have also surged dramatically, increasing by 1100% to £72,000. Current assets have improved by 450% to £160,000, but trade debtors are at £1000. Equity has also risen by 280% to £84,000. The company's small size—meeting two of three conditions for a small company—helps it remain flexible, but the increase in creditors warrants closer attention. As a small company, it's exempt from an audit, and the accounts are filed as 'filleted accounts'.

While the company's growth is evident in its asset and cash position, the substantial rise in creditors suggests it may be relying on credit to fuel its operations. Whether this is a sustainable strategy remains to be seen.

Registered in Northern Ireland under the registration number NI687343, with a registered address at BT30 6PH, Northern Ireland, Downpatrick, 4 Slaney Park.

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