Morven Ltd

Morven Ltd, based in Edinburgh, UK, is a small holding company with an active status. Founded six years ago, the company's confirmation is currently overdue by four months. It holds £81,155 in assets, operates from a virtual address shared by many other companies, and is managed by two directors and one owner.

The company’s website, Morven Scotland, previously sold luxury mouth-blown and hand-painted glassware, emphasizing Scottish heritage and craftsmanship. However, the site now announces the business is ceasing trading at the end of June, citing family reasons. The final stock is being cleared with a special discount code. The website highlights the Aurora Glassware Collection, featuring wine glasses, champagne flutes, and a decanter, and describes a commitment to quality and tradition.

Financially, Morven Ltd presents a mixed picture. Cash reserves have increased dramatically, soaring by 1200% to £8,600, a significant improvement. However, net assets have dramatically improved, jumping from a loss of £9,000 to a positive £10,000. Trade debtors have also increased substantially, rising by 1300% to £19,000, which could indicate difficulties in collecting payments. Creditors have decreased slightly, suggesting some improvement in debt management. Despite the company’s small size (meeting two of three criteria for a small company), the sharp increase in cash and the significant turnaround in net assets are encouraging signs. The lack of an auditor mentioned is consistent with its status as a small, exempt company. The company’s final clearance sale suggests a need to quickly convert remaining inventory into cash.

Registered in Scotland under the registration number SC618042, with a registered address at EH2 1EN, Scotland, Edinburgh, International House, 38 Thistle Street.

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