Monax Ltd

Monax Ltd from Grays UK: small company, active status, founded 3 years ago, 1 employee, £55,616 assets, real address, 1 director, 1 owner, solo founder, e-commerce site. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company, incorporated on April 06, 2022, operates in the retail sale via mail order houses or via internet, take-away food shops and mobile food stands industries. It’s a solo-founded operation with one director and one owner, Adnan Memona, who also serves as the director.

The company’s website suggests a focus on e-commerce, though details are scarce. It appears to be selling something online, but the exact nature of the products or services isn't clear. The site is probably a simple online store, and it’s likely the company is focused on direct-to-consumer sales.

Financially, Monax Ltd has shown some interesting shifts. Cash bank on hand has jumped a whopping 710%, reaching £45,000, which is a positive sign. However, net assets have decreased by 140%, settling at £3,400. Trade debtors have vanished completely, and creditors have increased by 130%, reaching £52,000. Loans from directors have also risen significantly, increasing by 220% to £38,000. The company’s small size helps it stay nimble, but the decrease in equity raises questions. The accounts are unaudited and filleted, and no auditor is mentioned.

Overall, Monax Ltd seems to be navigating a period of change. While cash reserves have improved, the increase in debt and decrease in equity suggest a company working hard to manage its finances. It’s probably a startup still finding its feet, and the future will depend on its ability to maintain sales and control costs.

Registered in England/Wales under the registration number 14028706, with a registered address at RM17 5AZ, England, Grays, 38 Wallace Road.

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