Mjg Timber Limited

Mjg Timber Limited is a small holding company based in Colchester, UK, with an active status. Founded ten years ago in 2015, the company has one employee and holds £127,488 in assets. It operates from a virtual address, registered at 11 De Grey Square, De Grey Road, a location shared by ninety other companies, and is managed by one director and one owner. The company is a regular importer of wood and wood products, with 54 months of import activity recorded, the latest in January 2025.

The company’s website describes Mjg Timber as a timber importer and wholesaler, specialising in railway sleepers and fencing. It caters to the trade, not the general public, offering a wide range of products from fencing posts and sleepers to timber carcassing and even Nordic-inspired garden buildings. The site highlights its experience (over 40 years), reliable supply chain, and ability to provide bespoke solutions for wholesalers and suppliers. It’s clear they’ve got a strong focus on bulk supply and building relationships with trade customers.

Financially, Mjg Timber Limited presents a mixed picture. Current assets have fallen by 35% to £130,000, while net assets have plummeted 54% to just £20,000. Cash reserves have also decreased by 26% to £62,000. Trade debtors have fallen significantly by 46%, suggesting better collection of payments, but creditors have also decreased by 39%. The company’s small size (meeting two of three conditions for being classified as small) helps it remain flexible, but the sharp decline in equity is a concern. Accumulated depreciation for computer equipment has increased by 23%, and furniture fittings by 25%, indicating investment in assets. The company is exempt from audit as a small company, so the figures are unaudited.

The company's financial data indicates that it's facing some challenges, with a significant reduction in equity and cash reserves. However, the decrease in debtors suggests improved financial management. It's unclear whether this is a temporary setback or a longer-term trend, but Mjg Timber’s focus on bulk supply and established relationships with trade customers could help it weather the storm.

Registered in England/Wales under the registration number 09472825, with a registered address at CO4 5YQ, England, Colchester, Essex, 11 De Grey Square, De Grey Road.

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