Mongolian Yurts Direct Limited

Mongolian Yurts Direct Limited, based in Croydon, UK, is a small, active company established 17 years ago. With just two employees and £48,763 in assets, it’s a modest operation overseen by three directors and a single owner. The company boasts a stellar 5.0 Google rating from six reviews, reflecting a positive customer experience. It functions as an irregular importer, primarily bringing in various textile products, sets, used clothing, and rags—though only one month of imports were recorded as of January 1, 2022.

The company's website showcases a specialization in authentic Mongolian yurts, hand-crafted in Mongolia since 2004. Over 1,000 yurts have been sold to date, and the company maintains a workshop in London, offering UK-wide delivery and installation. The website highlights a wide range of applications for their yurts, from glamping sites and festivals to schools and personal use, emphasizing their versatility and quality. The business operates in the other retail sale not in stores, stalls or markets industries.

Financially, Mongolian Yurts Direct Limited presents a mixed picture. Current assets have decreased by 29% to £49,000, while net assets have plummeted 86% to just £9,100—a substantial decline. Bank borrowings have been dramatically reduced by 91%, falling to just £2,500, and cash reserves have shrunk by 32% to £23,000. Creditors have increased by 34% to £240,000. 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 significant drop in equity raises concerns. No auditor is mentioned, which is likely due to the company’s exemption as a small entity.

Overall, Mongolian Yurts Direct Limited appears to be navigating a challenging financial landscape, despite its strong online presence and positive customer reviews. The company’s focus on a niche market—authentic Mongolian yurts—and its commitment to quality may prove crucial for its long-term sustainability.

Registered in England/Wales under the registration number 06532799, with a registered address at CR0 2DS, England, Croydon, Unit 39 Neville Road.

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