Mokate Uk Ltd

Mokate Uk Ltd from Edinburgh, UK, is a large, active company founded six years ago. Employing eight people and boasting assets of £8,911,884, it operates from a virtual address, a detail flagged by the presence of twenty-one other companies registered at the same location. The company is a family business with three directors and two owners, and regularly imports and exports miscellaneous food products.

The company’s activities centre around wholesale and retail operations, with a particular focus on sugar, chocolate, coffee, tea, and spices. It also engages in the retail sale of food, beverages, and tobacco products. The company's website is not available, so it's difficult to assess its e-commerce presence.

Financially, Mokate Uk Ltd presents a mixed picture. While assets remain substantial, several key indicators have shifted. Bank borrowings have increased significantly by 54%, suggesting a greater reliance on debt financing. Administrative expenses have more than doubled, reaching £690,000, which could be due to increased operational scale or inflationary pressures. Staff costs have also risen, with the average number of employees increasing by 50% to twelve. However, cash reserves have grown by 34% to £1 million, and turnover has increased by a substantial 69%, reaching £29 million. Despite these gains, net losses have deepened, and net assets have increased by 62% to £2.6 million. The company is audited by Azets Audit Services.

These trends suggest that while Mokate Uk Ltd is experiencing growth in its core business, it’s also facing increased costs and potentially burning through cash at a faster rate. The company's reliance on debt and the rise in administrative expenses warrant close monitoring, but the increase in turnover and cash reserves offer some reassurance.

Registered in Scotland under the registration number SC622113, with a registered address at EH12 9DQ, Scotland, Edinburgh, Westpoint, 4 Redheughs Rigg.

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