Morgan's Direct Limited

Morgan's Direct Limited, based in London, UK, is a small, active company established twelve years ago. With eleven employees and £795,633 in assets, it's a family-run business operating an e-commerce site and boasting a stellar 5.0 Google rating from 57 reviews. The company regularly imports miscellaneous manufactured goods, with the last import operation in December 2023. Four directors and three owners (though the list isn't exhaustive) guide the business, which primarily sells stationery and office supplies via mail order and online.

The company's website, Morgan's Direct, showcases a wide range of products, from art supplies to school essentials, and even offers bulk purchase options. It's clear they're targeting both individual consumers and businesses, with sections dedicated to back-to-school supplies, eco-friendly stationery, and popular brands. The site's design is clean and user-friendly, with easy navigation and a focus on competitive pricing.

Financially, Morgan’s Direct shows a mixed picture. While cash bank has increased significantly by 110% to £80,000, net assets have decreased by 17% to £470,000. Creditors have increased by 48% to £340,000, and trade debtors have increased by 26% to £180,000. The company’s size—meeting two of three conditions for a small company—allows for agility, but the decrease in equity warrants attention. Despite a slight increase in current assets, the significant rise in creditors suggests potential cash flow pressures. The company is exempt from an audit, so the figures are unaudited. It's worth noting that the company’s future minimum lease payments have increased by a whopping 550% to £410,000, which could be a concern.

Registered in England/Wales under the registration number 08486798, with a registered address at NW9 8AU, England, London, Unit 12 Kingsbury Trading Estate, Church Lane.

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