Mk Choices Cic

Mk Choices Cic, based in Barnsley, UK, is a small, active company founded eight years ago. It operates as a limited by guarantee without share capital and runs an e-commerce site. Currently, it employs one person and has two directors, although no owners are officially listed. The company’s registered address is real, with only one other company registered at the same location. Confirmation statements are overdue by two months.

Mk Choices Cic specializes in retail – specifically, furniture, lighting, electrical household appliances, and similar items sold online and in specialized stores. The company's website, while not detailed, suggests a focus on these goods. It's a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Mk Choices Cic shows a mixed picture. Turnover has dropped significantly, from £29,000 to just £18,000 – a decrease of 38%. This is a concern, but operating profit has actually increased slightly, from £1,100 to £1,400. Cash reserves have plummeted by 81%, leaving only £360 available, and bank borrowings remain steady at £62,000. Creditors have also remained consistent at £62,000. The company’s assets are valued at £150,000, while net assets are at £7,400. Accumulated depreciation has increased slightly, reflecting the age of its assets.

The significant drop in turnover, coupled with the dwindling cash reserves, suggests Mk Choices Cic is burning through money. While the increase in operating profit is positive, it may not be enough to offset the overall financial strain. The lack of employees, while keeping costs down, also limits the company’s ability to scale and grow. The absence of an auditor, common for small companies, means these figures are unaudited.

Registered in England/Wales under the registration number 10586049, with a registered address at WD6 2BW, Borehamwood, Hertfordshire, Suite 103 Moda Business Centre, Stirling Way.

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