Mkn Pvt Ltd

Mkn Pvt Ltd is a small, active company registered in London, UK, founded two years ago. The firm holds £27,074 in assets and operates from a virtual address, with two directors and one owner—the solo founder. It’s a private limited company, and its activities revolve around retail sales via mail order houses or via the internet.

The company’s website, mknpvt.co.uk, showcases a range of products, including clothing, accessories, and home goods. While the site appears professionally designed, it lacks detailed product descriptions and high-quality images, which could impact sales. There’s also a blog section, but it hasn’s been updated recently. It’s a small operation, meeting two of three criteria for being classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Mkn Pvt Ltd presents a mixed picture. Current assets increased by 48% to £27,000, but net assets grew by a more substantial 130% to £6,100. Cash bank on hand, however, took a hit, dropping 85% to just £200. Trade debtors increased by 58%, suggesting a reliance on customer payments, while creditors rose 60% to £32,000. The company’s bank borrowings are not mentioned. The firm’s equity grew by 120%, which is a good sign, but the increase in creditors suggests a need for careful cash flow management. The accounts are described as "filleted," meaning they are simplified and unaudited, and the company is exempt from an audit.

The company's accounts indicate a focus on short-term liabilities, with creditors measured at transaction price and short-term debtors measured similarly. The company also employs the first-in-first-out method for stock management. The company’s statement that it’s entitled to exemption from an audit, and that members have not required an audit, is standard for small companies.

Overall, Mkn Pvt Ltd appears to be a small, growing business facing typical startup challenges. While the increase in assets and equity is encouraging, the company needs to manage its creditors and ensure a healthy cash flow to sustain its growth.

Registered in England/Wales under the registration number 14203648, with a registered address at E1 7RA, United Kingdom, London, 101 Whitechapel High Street, 4th Floor.

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