M M Products Limited

Mm Products Ltd, based in Launceston, UK, is a small, family-run business with an active status. Founded nineteen years ago in 2005, the company employs four people and holds £312,716 in assets. It operates from a real address and is managed by three directors and two owners. The business has a Google rating of 5.0 based on one review and runs an e-commerce site. It regularly imports clothing and accessories, not knitted or crocheted, with 38 months of import activity recorded, the latest in December 2023. It has exported nothing for four months, the last time being June 2021.

The company’s website, while not readily available, suggests a focus on retail sales via mail order and internet, as well as letting and operating real estate. It also acts as an agent involved in the sale of textiles, clothing, fur, footwear and leather goods. It’s a small business, meeting two of three criteria for size: turnover under £10.2 million and assets under £5.1 million, with fewer than 50 employees.

Financially, Mm Products Ltd shows some concerning trends. Current assets have decreased by 18% to £310,000, while net assets have also dropped by 4.6% to £600,000. Bank borrowings have been reduced by 16% to £21,000, and cash reserves have fallen significantly by 75% to £42,000. However, creditors have decreased by 57% to £78,000, suggesting improved debt management. Trade debtors have increased dramatically by 1000% to £110,000. The company is exempt from an audit as a small business, so the figures are unaudited.

Overall, Mm Products Ltd appears to be navigating a period of change. While its debt management has improved, the decline in cash reserves and increase in debtors are points to watch. The family-run nature of the business and its e-commerce presence should help it adapt, but the company will need to carefully manage its finances to ensure long-term stability.

Registered in England/Wales under the registration number 05432323, with a registered address at PL15 7ED, England, Launceston, 25 Pennygillam Way, Pennygillam Industrial Estate.

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