Mwnci Limited

Mwnci Limited, based in Cardiff, UK, is a small, active company founded six years ago. While boasting a stellar 5.0 Google rating from 14 reviews, the business is currently facing some financial headwinds, with accounts and confirmation statements overdue for seven months. The company holds £10,609 in assets and operates from a real address, managed by a single director and owner—a solo founder. It’s an e-commerce site specializing in Welsh language gifts for children, selling toys, prints, and tracing boards.

The company's website, Mwnci Y Cwmni Teganau Cymraeg, highlights a family-run business dedicated to promoting the Welsh language through play. The Williams family, consisting of Dad Aled, Mum Liz, and their two children, Gwen and Morgan, started the company after noticing a lack of Welsh-language educational toys. They offer a range of products, from wooden toys and resources to T-shirts and calendars, all designed to encourage imaginative and interactive play. The site also features a blog and emphasizes sustainable, ecofriendly products with recyclable packaging.

Financially, Mwnci Limited’s numbers paint a mixed picture. Cash bank on hand has plummeted by a significant 87%, dropping to just £370. Current assets have also decreased by 34%, settling at £11,000. However, creditors have seen a substantial reduction of 44%, falling to £11,000. Equity, while still negative, has improved slightly, rising from -£3,000 to £230. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the decline in cash and assets is concerning. With no auditor mentioned, the financial statements are unaudited.

It appears Mwnci Limited is navigating a period of financial adjustment. While the e-commerce side seems to be thriving with positive customer reviews and a clear niche, the company needs to address the declining cash reserves to ensure long-term sustainability.

Registered in Wales under the registration number 11515618, with a registered address at CF14 2FN, Wales, Cardiff, 24 Ty-Mawr Road, Llandaff North.

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