My Family Health Ltd

My Family Health Ltd, based in Sherborne, UK, is a small, family-run business with an active status. Founded just three years ago in November 2021, the company employs two people and holds £74,330 in assets. It has a real registered address and is overseen by two directors and two owners, boasting a stellar 5.0 Google rating from 88 reviews. The company operates in the retail sale via mail order houses or via internet industries.

The company's website, while not extensively detailed, highlights a focus on health-related products and services. It's unclear if they have a fully functional e-commerce platform, but the presence of a website suggests an online component to their business model. It’s possible they use the website for marketing and information dissemination rather than direct sales.

Financially, My Family Health Ltd presents a mixed picture. Current assets have increased significantly, jumping 260% to £74,000, which is a positive sign. However, net assets are down 33%, settling at -£25,000, indicating a loss. Bank borrowings have also increased, rising 16% to £16. Creditors have increased substantially, up 150% to £100,000. Cash reserves have doubled, reaching £9,500. Trade debtors have also increased, rising 110% to £31,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 49 employees) allows for flexibility, but the negative equity raises some concerns. With no auditor mentioned, the figures are unaudited.

Overall, My Family Health Ltd seems to be navigating early-stage challenges. The increase in assets and cash is encouraging, but the losses and rising debt suggest they are burning through money. It’s likely they are reinvesting heavily in their business to grow, but careful financial management will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 13723069, with a registered address at DT9 5EW, United Kingdom, Sherborne, Dorset, Oak Apple House North Street, Milborne Port.

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