Morthan Limited

Morthan Limited is a small, active company registered in London, UK, founded nine years ago in January 2016. It employs just two people and holds £229,751 in assets, operating from a real address at 20 Napoleon Lane, SE18 4EF. The company is led by one director and one owner, Hu Weimeng.

Morthan Limited’s website paints a picture of a business focused on technology and imagination. It appears to be an e-commerce venture, selling gadgets, smart phones, and other tech-related products. The site emphasizes "bringing to you the most trendy surprise to cater your geeky appetise" and showcases projects where technology is superimposed onto ordinary products. It also features a section on virtual reality and miniature models, suggesting a broader interest in innovation and creativity. Contact information is provided, inviting inquiries and feedback.

Financially, Morthan Limited’s report reveals a mixed picture. While the company’s small size (meeting two of three conditions for a small company) helps it remain agile, there are some concerning trends. Accumulated depreciation has increased by 15%, suggesting investment in computer equipment, but cash bank on hand has plummeted by a staggering 86% to just £1,900. Bank borrowings have remained stable, but creditors have risen by 13% to £440,000. Equity has also taken a hit, decreasing by 32% to -£220,000. The sharp decline in cash reserves, coupled with the increase in creditors, suggests the company is burning through money faster than it’s bringing it in. It’s likely that the company is reinvesting in its business, but the lack of cash on hand could become a problem if sales don’t pick up. There was no auditor mentioned, so the figures are unaudited.

Registered in England/Wales under the registration number 09978219, with a registered address at SE18 4EF, England, London, 20 Napoleon Lane.

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