Money Base Ltd

Money Base Ltd from Harrow UK: a small, active company founded five years ago, employs two people, and holds £72,799 in assets. It has a real address, one director, and one owner. The company operates in both retail sale via mail order houses or via internet and financial intermediation not elsewhere classified industries. Officially, it has one owner or PSCs, one director, and two employees.

The company’s website, while minimal, reveals a focus on financial services alongside its retail activities. It's not a large-scale e-commerce platform; instead, it appears to be a more specialized operation. The site’s limited information suggests a focus on discreet financial services, possibly catering to a niche market.

Financially, Money Base Ltd shows a mixed picture. Current assets have fallen significantly by 54% to £73,000, while net assets have also declined by 11% to £39,000. Bank borrowings have decreased by 24%, dropping to £25,000, and cash reserves have plummeted 61% to £60,000. Creditors have also decreased by 24%, 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) allows for flexibility, but the substantial drop in cash reserves is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s decrease in cash reserves, while concerning, could be due to increased investment in the business or a temporary dip in sales. The decrease in bank borrowings is a positive sign, suggesting better debt management. The company’s small size and focus on specialized services could allow it to weather these challenges. It’s worth noting that the company’s owner, Parikh Amil Gopaldas, also serves as both director and owner, which is common for small businesses, but it can also indicate a lack of external oversight.

Registered in England/Wales under the registration number 12336256, with a registered address at HA3 9PU, United Kingdom, Harrow, 146 St. Pauls Avenue.

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