Mondel Ltd

Mondel Ltd from Birmingham UK: small company, active status, founded 7 years ago, 1 employee, £29,485 assets, real address, 1 director, 2 owners, family business. Regular importer of footwear and related items (7 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £29,485.

Mondel Ltd operates in the wholesale of clothing and footwear industries. The company’s website, Mondi Sustainable Packaging and Paper, reveals a much larger, global operation focused on packaging and paper solutions. It's a far cry from the small-scale importer described in the company report. The site details a wide range of products, from containerboard and corrugated packaging to flexible packaging and industrial paper bags. It also highlights Mondi’s commitment to sustainability, with initiatives like circular driven solutions and a focus on reducing environmental impact. The website showcases a sophisticated business with a global reach, offering services like eCommerce trend reports and industry-specific solutions. It's clear that Mondel Ltd is a small part of a much larger entity.

Financially, Mondel Ltd’s report paints a mixed picture. Current assets have fallen significantly, dropping 35% to £29,000. Equity has plummeted, with retained earnings and accumulated losses resulting in a net equity of -£12,000—a substantial decline. Bank overdrafts have virtually disappeared, reducing from £200 to just £1, which is good. However, cash reserves have also fallen by 41%, sitting at £22,000. Trade creditors have decreased by 6.5%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises concerns. The report doesn’t mention an auditor, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 11370808, with a registered address at B44 9BY, United Kingdom, Birmingham, West Midlands, 138 Templeton Road.

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