My Generation Gifts Limited

My Generation Gifts Ltd, a small, active company based in Sheffield, UK, has been trading for 13 years. Founded on September 16, 2011, it employs just one person and holds £14,764 in assets. With a real address and a single director and owner, the company boasts a perfect 5.0 Google rating based on one review.

The business operates in the retail sale via mail order houses or via internet, offering a range of gifts and related items. Its website, though not currently active, suggests a focus on unique and personalized gifts. The company's registration address is 4 Bells Square, S1 2FY, England, Sheffield – a location shared by just one other business, indicating a genuine address.

Financially, My Generation Gifts Ltd presents a mixed picture. While the company’s small size (meeting two of three conditions for a small company) allows for flexibility, recent data reveals some concerning trends. Accumulated depreciation has increased by 34%, and bank borrowings have risen by nearly 10%, reaching £320,000. Cash reserves have fallen significantly, dropping 52% to just £8,200. Creditors have also increased slightly, and net current assets are in the negative. The company’s equity has decreased by 15%, reducing to £160,000. The lack of an auditor is not unusual for a small company like this.

Despite these challenges, the company’s single positive review suggests a good reputation with customers. It's possible that the increase in borrowing reflects investment in inventory or marketing, while the decrease in cash could be due to seasonal fluctuations in sales. The company’s director, Mirfin Simon Mark, will need to carefully manage these trends to ensure its long-term viability.

Registered in England/Wales under the registration number 07776214, with a registered address at S1 2FY, England, Sheffield, 4 Bells Square, 4 Bells Square.

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