Monte Developments Ltd

Monte Developments Ltd is a small, active company based in Blackburn, UK, founded seven years ago in 2018. With just two employees and £855,686 in assets, it operates from a virtual address shared by twenty-two other companies, a fact that raises some eyebrows. The company is run by two directors and two owners, Issa Mohsin and Issa Zuber Vali, and is described as a family business. It has a low Google rating of 1.0 based on just one review. The company regularly imports furniture, lighting, and prefabricated buildings, with the last import operation recorded one month ago in July 2023.

The company's website, which is not available, suggests a focus on development of building projects. It’s unclear if they operate an e-commerce site or if their work is entirely business-to-business. The lack of a visible online presence makes it difficult to assess their current operations.

Financially, Monte Developments Ltd presents a mixed picture. Cash reserves have fallen by a significant 69%, dropping to £240,000, while creditors have decreased by 36%, settling at £370,000. Current assets have also declined by 17%, reaching £860,000. However, trade debtors have surged by an impressive 520%, jumping to £230,000—a possible indication of expanding credit terms or difficulties in collecting payments. Equity, meanwhile, has increased by 8.2%, reaching £480,000. 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 decrease in cash reserves warrants attention. The unaudited accounts, prepared by MHA, show that the company is using the small companies regime for accounts.

Overall, Monte Developments Ltd appears to be navigating a period of change. While debtors are increasing, it’s unclear if this is a sustainable trend. The lack of a visible online presence and the reliance on a virtual address are points to consider, but the company’s family ownership and focus on building projects could be a source of strength.

Registered in England/Wales under the registration number 11230141, with a registered address at BB1 2FA, United Kingdom, Blackburn, Lancashire, Waterside Head Office, Haslingden Road, Guide.

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