Mna Sourcing Ltd

Mna Sourcing Ltd from Slough UK: a small, active company founded twelve years ago, employs just one person, and holds £64,470 in assets. It’s a real address with one director and owner, operating an e-commerce site and regularly importing clothing and accessories made by knitting or crocheting – six months of import activity recorded. The company operates in the agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries.

The company's website reveals it’s a garment manufacturer and exporter based in Bangladesh, part of a larger group of companies including MA Composite Ltd and MA Apparels Limited. Founded in 1998, with a change of ownership in 2020, MA Sourcing Ltd provides sourcing, merchandising, quality controlling, and ensures on-time delivery. They have their own manufacturing unit with both knit and woven production capabilities, and export to Europe and America. The website highlights a focus on individual service, product understanding, and competitive pricing, particularly benefiting from Europe's duty-free import status from Bangladesh.

Financially, Mna Sourcing Ltd shows a mixed picture. Cash bank on hand increased by a substantial 52%, reaching £61,000, while current assets also rose by 40% to £64,000. However, net assets and liabilities both decreased by 16%, settling at -£21,000. Bank borrowings fell by 8.5% to £36,000, and creditors increased by 20% to £86,000. Debtor’s fell by 39%, suggesting better collection rates. The company’s small size—meeting two of three conditions for being classified as small—helps with agility, but the drop in equity is something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s financial statements indicate it’s a small business, but it’s not burning through money. The increase in cash and assets suggests a period of growth, but the decrease in equity could be a concern.

Registered in England/Wales under the registration number 08173128, with a registered address at SL2 1EP, England, Slough, 1d Birch Grove.

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