Morthan Living Ltd

Morthan Living Ltd from London UK is a small, active company founded six years ago in 2019. It’s a solo-founder operation with one director and one employee, holding £14,331 in assets. The company operates from a real address shared by eight other businesses, suggesting a potentially cost-effective location. The business primarily focuses on retail sales via mail order and internet, showcasing a modern approach to commerce.

The company’s website, while not fully developed, indicates a focus on curated living products, potentially targeting a niche market. It’s unclear if the site is fully operational or serves as a placeholder for future development, but the branding suggests a focus on stylish and functional home goods.

Financially, Morthan Living Ltd presents a mixed picture. Accumulated depreciation has increased by 33%, reflecting investment in computer equipment. Amounts owed to directors have risen by 16%, potentially linked to ongoing operational expenses. Cash bank on hand has increased slightly, but current assets have decreased by 9.6%, indicating a potential need to manage working capital. The most striking change is a 35% increase in equity, which could be due to retained earnings or other factors. Trade debtors have disappeared completely, which is unusual. Despite these changes, the company remains small, meeting two of three criteria for classification as such. The accounts are unaudited, and no auditor is mentioned.

While the company’s financial situation isn’t alarming, the decrease in current assets and increase in creditors suggest a need for careful monitoring. The solo founder model, while efficient, could also place a heavy burden on the owner. It’s possible the company is experiencing typical startup challenges, or perhaps it’s strategically investing in growth while managing cash flow.

Registered in England/Wales under the registration number 11920346, with a registered address at SE1 9SG, England, London, C/O Tea & Co 3rd Floor News Building, 3 London Bridge Street.

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