Myco Contracts Limited

Myco Contracts Ltd, a medium-sized holding company based in London, UK, has been active for eight years, employing 28 people. The company holds assets worth £15,244,839 and generates an impressive revenue of £43,897,993 annually. With a Google rating of 4.0 from six reviews, Myco Contracts Ltd operates from a real address and is overseen by three directors and three owners. The company is an irregular importer, primarily dealing with aluminum and aluminum products, with the last import operation occurring just one month ago.

Myco Contracts Ltd describes itself as a dynamic main contractor specializing in delivering complex projects. Their website highlights a customer-focused approach, a commitment to quality, and a drive to explore innovative solutions. They offer a range of services, including development and construction of buildings, catering to both commercial and domestic clients. Recent projects showcased on their website include work on Kensington High Street and Acorn House in Kings Cross.

Financially, Myco Contracts Ltd presents a mixed picture. While turnover increased by 22%, to £44 million, net assets decreased by 49% to £4.5 million. Cash reserves fell by 52% to £4.2 million, and bank borrowings surged by 2,400% to £29,000. Creditors decreased by 18%, suggesting better debt management. The company’s average number of employees increased by 36% to 38. The company's deferred tax liability increased by 150%, and the company’s losses deepened by 40%. No auditor is mentioned, likely due to the company’s size and exemption from audit requirements.

These figures suggest Myco Contracts Ltd is experiencing a period of transition, possibly fueled by expansion and increased project activity. The increase in bank borrowings and decrease in cash reserves could indicate a need for additional financing to support growth—but the decrease in creditors is a positive sign. The company’s future success will likely depend on its ability to maintain its reputation for quality and innovation while navigating these financial challenges.

Registered in England/Wales under the registration number 10558526, with a registered address at EC4V 5BD, England, London, 3rd Floor 21 Godliman Street.

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