Mm Project Ltd

Mm Project Ltd, based in Woodford Green, UK, is a small, active company founded seven years ago. With four employees and £83,400 in assets, it operates from a virtual address – a detail worth noting as 741 other companies are registered at the same location. The company is led by three directors and owned by two individuals, and it's an irregular importer of wood and wood products, with just two months of import activity recorded back in 2022.

The company’s website is unavailable, making it difficult to assess its online presence and sales channels. It appears to be involved in the construction of domestic buildings, suggesting a focus on residential projects.

Financially, Mm Project Ltd's recent performance presents a mixed picture. Cash bank on hand has significantly decreased by 82%, dropping from £140,000 to just £25,000. Current assets have also taken a hit, falling 62% to £83,000. However, creditors have reduced by 15%, and trade debtors have increased slightly by 3.7%. Equity has also seen a substantial decline, dropping 66% to £45,000. The company’s small size – meeting two of three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 30 employees) – allows for flexibility, but the sharp decline in equity raises questions about its financial stability. The company is not audited, which is common for small businesses.

The significant drop in cash reserves, combined with the decrease in equity, suggests that Mm Project Ltd might be burning through money faster than it’s bringing it in. While the reduction in creditors is a positive sign, the company needs to carefully manage its cash flow to ensure its long-term viability.

Registered in England/Wales under the registration number 11192285, with a registered address at IG8 8EY, England, Woodford Green, Essex, The Retreat, 406 Roding Lane South.

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