Mobilechief Limited

Mobilechief Limited, based in Bolton, UK, is a small, family-run business with an active status, established 14 years ago. The company employs five people and holds £195,286 in assets, operating from a real address. With one director and two owners, it boasts a stellar 5.0 Google rating from nine reviews. It’s an irregular importer, with its last import operation occurring two years ago.

The company's website focuses on buying and selling used iPads, offering a simple three-step solution for quick cash. It emphasizes paying top prices, fast payment within 24 hours, and data erasure guarantees. The site caters to both individual sellers and businesses, offering trade-in options for iPhones and iPads, and even bulk sale opportunities. It’s clear the company is focused on a niche market within the electronics resale space.

Financially, Mobilechief Limited’s recent performance presents a mixed picture. Accumulated depreciation on furniture and tools increased, suggesting investment in equipment, but cash bank on hand dramatically decreased by 88% to £20,000. Bank borrowings were reduced significantly, dropping 74% to £7,200, which is a positive sign. However, finished goods and goods for resale increased by 130% to -£110,000, and trade debtors rose dramatically by 16,000%, reaching £65,000—a concerning trend that may indicate difficulties 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. No auditor is mentioned, meaning the accounts are unaudited.

Overall, Mobilechief Limited seems to be facing challenges. While it’s a well-reviewed business with a clear focus, the sharp decline in cash reserves and the surge in outstanding debts suggest it’s burning through money faster than it’s bringing it in. Whether the company can weather this financial strain and continue its growth remains to be seen.

Registered in England/Wales under the registration number 07433192, with a registered address at BL3 3PS, Bolton, Lancashire, 179 St. Helens Road.

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