M L Panels Ltd

Ml Panels Ltd, based in Manningtree, UK, is a small, active company founded nine years ago. With five employees and £299,655 in assets, it’s a modest operation led by a single director and owner. Boasting a perfect 5.0 Google rating from fifteen reviews, the company is a regular importer of wood and wood products, with recent activity recorded in December 1924.

The company's website highlights its focus on supplying quality panel products, offering a wide range of kitchen worktops, hardwood panels, and softwood options. It caters to both trade and retail customers, with a dedicated online shop and a blog showcasing its expertise. The site also mentions a bespoke cutting service and next-day delivery, emphasizing customer convenience. Ml Panels Ltd operates from a real address in Lawford, near Colchester, and appears to be a well-established business within its niche.

Financially, Ml Panels Ltd shows a mixed picture. While current assets increased by 27% to £300,000, net assets remained steady at £130,000. Bank borrowings decreased by 41%, a positive sign, but cash reserves only increased slightly to £12,000. Creditors, however, increased significantly by 41%, reaching £230,000. Trade debtors also rose by 20%, suggesting potential challenges in collecting payments. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is typical for small, exempt companies.

Overall, Ml Panels Ltd seems to be holding its own, but the increase in creditors suggests it may be relying on credit to maintain operations. The company's focus on quality products and customer service, combined with its established online presence, should help it navigate these challenges.

Registered in England/Wales under the registration number 10066261, with a registered address at CO11 1UN, England, Manningtree, Block 5a & B Riverside Avenue West, Lawford.

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