Mrs Repair Ltd

Mrs Repair Ltd is a small, active company based in London, UK, founded six years ago in April 2019. The company, with just one employee and £11,414 in assets, operates from a virtual address shared by 715 other companies – a red flag, really. It's a solo founder operation led by a single director and owner, Turhan Ozalp Nihal.

The company's website showcases a range of services, including Otago home exercise programs, hoarding support, digital skills training, and home adaptations. It appears to be a community-focused organization working across North East London and the City, supporting older people, people with disabilities, and those facing mental health challenges. The website doesn's seem to be an ecommerce site, but rather a platform to advertise services and projects.

Financially, Mrs Repair Ltd presents a mixed picture. While current assets increased by a substantial 94% to £11,000, net assets skyrocketed by 2700% to £4000. Bank borrowings decreased by -41%, and cash reserves fell by -69% to £380. Creditors decreased by -31%, but other creditors increased by 1900% to £1100. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees. The lack of an auditor is not surprising, given its small size and exemption status.

Overall, Mrs Repair Ltd appears to be a lean operation with a strong community focus. While the sharp increase in equity suggests a positive trend, the decrease in cash reserves and increase in other creditors warrants monitoring. The company's reliance on a shared virtual address also raises questions about its operational stability, but it's probably fine.

Registered in England/Wales under the registration number 11938416, with a registered address at N15 5EA, England, London, 151 West Green Road.

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