Mjj Worldwide Ltd

Mjj Worldwide Ltd, based in Birmingham, UK, is a small, active company founded eleven years ago in December 2013. Despite its active status, the company has overdue accounts for a year and holds assets of £2,429,558. It operates from a virtual address, with four directors and two owners—likely a family business—overseeing operations. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with 125 months of import activity and seven months of export activity recorded.

The company’s website paints a picture of an international trade expert based in Hong Kong, specializing in exporting to tailor to each client's needs. It partners with factories in China, manufacturing garments for men and women, and even offers consulting services. Testimonials from clients praise the company's professionalism, full team support, and ability to understand their needs and provide quality products. The website also highlights the company’s ability to source any item needed and arrange freight transportation.

Financially, Mjj Worldwide Ltd presents a mixed bag. While its assets are substantial, several concerning trends emerge. Amounts owed to group undertakings have increased dramatically—over 800%—reaching £2.1 million. Creditors have also surged, increasing by 950% to £2.4 million. Cash bank on hand remains a meager £320, and net current assets liabilities are a negative £600. Interestingly, debtors have more than doubled, suggesting potential issues with collecting payments. The company's small size (meeting two of three criteria for a small company) helps it stay nimble, but the substantial increase in liabilities and decrease in cash reserves are worrying. The company’s auditor, Rouse Audit LLP, has issued an unqualified opinion, but the unaudited nature of the financial statements means caution is warranted.

Overall, Mjj Worldwide Ltd appears to be facing financial headwinds, with liabilities growing faster than assets. While its international trade expertise and client testimonials suggest a strong foundation, the company needs to address its growing debts to ensure long-term sustainability.

Registered in England/Wales under the registration number 08821242, with a registered address at B4 6WR, England, Birmingham, 11th Floor, Two Snow Hill.

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