Muggz Limited

Muggz Limited is a small holding company based in Swansea, UK, with an active status. Founded five years ago in May 2019, the company employs five people and holds £182,344 in assets. It's managed by two directors and has one owner, though this owner list may not be exhaustive. The company operates from a virtual address, as 101 companies are registered at the same location.

The company’s website, Muggz.co.uk, is an e-commerce platform specializing in personalized mugs. It offers a wide variety of designs, including options for birthdays, names, and professions, catering to both individual and corporate customers. The site is well-designed and easy to navigate, with clear product categories and a simple ordering process. It’s clear that Muggz Limited is focused on providing a user-friendly online shopping experience.

Financially, Muggz Limited shows a mixed picture. Current assets have increased by 59%, reaching £180,000, while bank borrowings have surged by a significant 39,000%, reaching £39,000. Cash reserves have decreased by 83%, dropping to £9,100. Creditors have increased by 280%, reaching £41,000, and debtors have doubled to £170,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be nimble, but the increase in bank borrowings and decrease in cash suggests it may be relying on credit to fund its operations. The increase in debtors could indicate a delay in customer payments. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s financial trends suggest it's burning through money. While sales seem to be up, the company is relying heavily on borrowing and struggling to manage its cash flow. The management issues are not obvious, but the financial data raises concerns about its long-term sustainability.

Registered in England/Wales under the registration number 11975340, with a registered address at SA7 9LA, Wales, Swansea, C/O Bevan Buckland Llp Ground Floor, Cardigan House, Castle Court, Swansea Enterprise Park.

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