Myb Direct Limited

Myb Direct Ltd, based in Hemel Hempstead, UK, is a small, family-run business with an active status, having been founded ten years ago in 2014. Employing nine people, the company holds £3,237,787 in assets and operates from a real address. With two directors and two owners, it's a tight-knit operation running an e-commerce site and enjoying a stellar 5.0 Google rating from eight reviews. The company regularly imports basic metal tools and utensils (254 months of import activity) and exports electrical machinery and equipment (11 months of export activity).

The company’s website, JOVELA, is a one-stop shop for home, kitchen, car, and DIY garden tools. It offers a wide range of products, including glassware, car accessories, and power tools, with brands like GADLANE, BLOSTM, and HEFTMAN. The site emphasizes fast delivery, hassle-free returns, and unbeatable prices, catering to a broad customer base. It’s clear they’re aiming to be a convenient resource for everyday essentials and project supplies.

Financially, Myb Direct Ltd presents a mixed picture. While current assets increased by 36% to £3,200,000, net assets also grew by 40% to £560,000. However, bank borrowings decreased by 34%, and cash reserves increased by a significant 540% to £580,000. Trade debtors decreased by 12%, suggesting improved collection efforts. Creditors, however, rose by 36%, and other creditors increased by 55%. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Myb Direct Ltd seems to be in a healthy position, with strong cash reserves and growing assets. The increase in creditors does warrant monitoring, but the company's focus on e-commerce and diverse product offerings suggests a solid foundation for continued growth.

Registered in England/Wales under the registration number 09162948, with a registered address at HP2 7DU, England, Hemel Hempstead, 6 The Cubic Estate, Eastman Way.

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