Mlondon Limited

MLondon Limited, based in Ilford, UK, is a small, active company established three years ago. With three employees and £188,092 in assets, it operates from a real address and is overseen by two directors and two owners. The company’s activities are split: it’s an irregular importer of clothing and accessories (not knitted or crocheted), with just two months of import activity recorded, and a regular exporter of knitted or crocheted clothing and accessories, with six months of export activity. The company’s website isn’t available for review.

MLondon Limited operates in the retail sale via mail order houses or via internet industries. 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. The company’s directors are Hussain Shazia and Zaffar Sabah, and its owners are also Hussain Shazia and Zaffar Sabah.

Looking at the financial data, MLondon Limited shows a mixed picture. Cash bank on hand has increased significantly, up 83% to £79,000, and current assets have more than doubled to £190,000. However, net losses have deepened, and bank borrowings have increased dramatically. Creditors have also risen, and trade debtors have ballooned, suggesting potential cash flow challenges. The company’s equity has increased substantially, though, indicating a positive trend in retained earnings. The company's assets are increasing, but it’s important to note that the company is not paying its bills.

Despite these challenges, the company's increased cash reserves and rising assets suggest it's not burning through money at a startup pace. The substantial increase in trade debtors could be a strategic move to boost sales, but it also carries risks. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, so they should be viewed with a degree of caution.

Registered in England/Wales under the registration number 13406586, with a registered address at IG2 6HY, Ilford, Essex, 364-368 Cranbrook Road Gants Hill.

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