Molben Limited

Molben Limited is a small, active company based in Maidstone, UK, established 14 years ago in 2010. It’s a solo-founded operation with three directors and two employees, holding £28,346 in assets. The company operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles industries. It has a real registered address, and its status is active.

The business is an irregular importer, with its top import category being Toys, games, and sports equipment, totaling 1 months of imports. The last import operation was conducted on July 01, 2020. Molben Limited’s website is not available, so it’s difficult to determine if it’s an e-commerce business.

Financially, Molben Limited is facing some challenges. Cash bank on hand has decreased significantly by 82%, dropping to £19,000. Current assets have also fallen sharply by 82%, now at £28,000. Creditors have decreased by 73%, to £39,000, which is a positive sign. However, the most concerning trend is the dramatic decline in equity, plummeting 90% to just £3,900. Trade debtors have also dropped significantly, now at just £900. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s agile, but the sharp equity drop is a cause for concern. With no auditor mentioned, the figures rely on unaudited statements.

The significant drop in cash and equity suggests Molben Limited may be burning through money. The decrease in debtors could be a result of tighter credit terms, or perhaps delayed payments from customers. While creditors have decreased, the overall financial picture indicates a need for careful management to avoid further strain.

Registered in England/Wales under the registration number 07354273, with a registered address at ME14 4PU, England, Maidstone, 4 Fulbert Drive, Bearsted.

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