Mk Home Textile Ltd

Mk Home Textile Ltd is a small, active company based in London, UK, established six years ago in 2019. With three employees and £260,011 in assets, it operates from a virtual address – a detail highlighted by the fact that 236 other companies share the same location. The company is led by one director and owner, Khalid Mariam, and runs an e-commerce site selling textiles. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of September 2021.

The website showcases a range of bedding products – duvet cover sets, sheets, pillowcases, and towels – emphasizing “impeccably stylish” designs and sustainable blends. It offers a variety of floral, bird, and vintage-inspired prints, catering to different styles and budgets. The site also features a blog with articles on sleep options, mattress protectors, and designer bedding sets, demonstrating a focus on customer education and brand authority.

Financially, Mk Home Textile Ltd presents a mixed picture. Current assets have increased by a modest 9.1% to £260,000, while net assets have risen by 15% to £40,000. However, bank borrowings have decreased by 25% to £30,000, and cash reserves remain steady at £15,000. Creditors have also decreased by 25% to £30,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the rise in taxation and social security payable by 230% to £7,900 is something to keep an eye on. As a small company, it's exempt from an audit, relying on unaudited statements.

Overall, Mk Home Textile Ltd seems to be holding its own, but the increase in taxes and social security payable suggests a need for careful financial management. The company's focus on its e-commerce presence and stylish product offerings provides a solid foundation for future growth.

Registered in England/Wales under the registration number 11981861, with a registered address at EC4M 7JN, England, London, Office 7 35-37 Ludgate Hill.

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