Must Have Ideas Ltd

Must Have Ideas Ltd from Snodland UK: a large company, active status, founded 7 years ago, with 83 employees and £8,734,793 in assets, operates from a real address, and is managed by three directors and three owners. It's a family business with an e-commerce site and a stellar 5.0 Google rating based on 13,850 reviews. The company is a regular importer of plastics and plastic products (174 months imported).

The company’s website, Must Have Ideas, is a vibrant online store showcasing a wide range of “must-haves” designed to make everyday life easier. It encourages visitors to join their mailing list for exclusive offers and promises never to spam or sell data. The site is filled with product highlights, including an extendable clothes airer and a limescale remover, all promoted with discount codes and a sense of urgency. Customer reviews are prominently displayed, showcasing high satisfaction and a feeling of community.

Financially, Must Have Ideas Ltd presents a mixed picture. While current assets increased by 48% to £8,700,000, net assets increased by 120% to £4,400,000. Bank borrowings decreased by 36% to £1,300,000, and cash reserves increased by 67% to £3,300,000. Creditors decreased by 36% to £1,700,000, suggesting improved debt management. However, administrative expenses increased significantly by 51% to £6,100,000, which could be a result of increased marketing efforts or operational expansion. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) indicates a successful operation, but the increase in administrative costs warrants further scrutiny. The company’s financials were audited by Nash Harvey Group LLP.

Overall, Must Have Ideas Ltd appears to be a thriving business with a strong online presence and a loyal customer base. The company’s financial performance, while generally positive, suggests a need to carefully manage operating expenses to maintain profitability.

Registered in England/Wales under the registration number 11293230, with a registered address at ME6 5SZ, United Kingdom, Snodland, The Ideas Factory, Arc Logistics Park, Holborough Road.

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