Morningside Construction Ltd

Morningside Construction Ltd from London UK: a small, active company founded five years ago, employs just one person, and holds £5,766 in assets. It operates from a virtual address, has two directors and two owners, and enjoys a perfect 5.0 Google rating based on four reviews. The company is an irregular importer of wood and wood products, with just one month of import activity recorded as of September 2022.

The company’s website reveals it operates in the development of building projects. 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, and fewer than 50 employees. The address is probably virtual as 987 companies registered at the same address.

Financially, Morningside Construction Ltd's situation is a bit concerning. Current assets have plummeted by a staggering 96%, dropping to just £5,800. Equity has also taken a hit, falling 70% to -£400,000. Bank borrowings have increased significantly, and cash reserves are down 69% to £5,700. Creditors have increased, suggesting a reliance on external financing. The company's small size helps it remain flexible, but the dramatic equity decline raises questions about its long-term viability. No auditor is mentioned, likely due to the small company exemption. It's clear that the company is facing financial pressures, and the future is uncertain.

Registered in England/Wales under the registration number 12596496, with a registered address at WC1H 9BQ, United Kingdom, London, Lynton House, 7-12 Tavistock Square.

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