Mojo Eye Ltd

Mojo Eye Ltd is a small, active company based in London, UK, founded four years ago in September 2020. It’s a solo-founder operation with one director and one employee, holding £56,509 in assets. The company operates from a virtual address, registered at 17 Green Lanes, which is shared by 753 other companies. It runs an e-commerce site and appears to be involved in a diverse range of industries, including retail sales via internet, financial intermediation, management consultancy, and advertising agencies.

The company's website, while not explicitly detailed in the provided data, strongly suggests an e-commerce focus, likely selling products online. The diverse range of industries it operates in hints at a potentially multifaceted business model, perhaps offering a combination of product sales, consulting services, and advertising support.

Financially, Mojo Eye Ltd shows some concerning trends. Cash bank on hand has fallen by a significant 51%, dropping from £98,000 to £49,000. Creditors have dramatically decreased, from £23,000 to a negative -£11,000—a surprising and potentially positive development, though it requires further investigation. Current assets have also declined by 42% to £57,000. Equity has dropped 10%, settling at £69,000. While these figures suggest a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the decline in cash and equity is something to keep an eye on. The company's reliance on bank borrowings, which increased by a staggering 2,400%, also suggests it's burning through cash faster than it's generating revenue. It's worth noting that the accounts are "filleted," meaning they are unaudited and rely on director-reported data. The company’s auditor is not mentioned, which is common for small companies exempt from an audit.

Registered in England/Wales under the registration number 12879986, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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