My Eshop Ltd

My Eshop Ltd, based in Glasgow, UK, is a small, active company founded five years ago. Despite its active status, confirmation is overdue by six months. The company employs five people and holds £66,892 in assets. It’s a solo-founded operation with two directors and a single owner, Muhammed Zeeshan. My Eshop Ltd is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import activity occurring one month ago. The company operates in the retail sale via mail order houses or via internet industries.

While the company’s website isn’t readily available, the financial data paints a mixed picture. Net assets have dramatically decreased, dropping from -£2,500 to -£76,000. This significant decline is concerning, especially considering the company’s small size (meeting two of three conditions for being classified as small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). Cash reserves have improved, rising by 350% to £330, but this is offset by a 450% increase in amounts owed to directors, now standing at £110,000. Trade debtors have also increased, suggesting potential difficulties in collecting payments.

On a positive note, finished goods inventory has increased by 40% to £66,000, indicating potentially strong sales. Creditors have remained stable, suggesting some level of debt management. The company's bank borrowings have remained constant, however, the sharp drop in equity is a worrying trend. With no auditor mentioned, the figures are unaudited, and rely on director-reported data. The company’s financial health is clearly under pressure, and it will be interesting to see how it navigates these challenges.

Registered in Scotland under the registration number SC643037, with a registered address at G5 8NB, Scotland, Glasgow, 15 Scotland Street, 3rd Floor, Suit 1.

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