Myldan Auto Design Limited

Myldan Auto Design Ltd, based in Station Road, UK, is a small, active company established twelve years ago. With thirteen employees and £697,717 in assets, it operates from a real address and is led by a single director and owner, who is also the solo founder. The business runs an e-commerce site and maintains a Google rating of 4.0 based on eighteen reviews. It irregularly imports machinery, boilers, and mechanical appliances—parts, with the last import occurring in October 2023—and exports iron or steel products, the last export dating back to September 2021.

The company’s website, MadPaints, specializes in providing car touch-up paint solutions, offering a wide range of colours and paint types, including those for alloy wheels and motorcycles. It boasts a "Colour Match Guarantee" and produces paints in the UK, emphasizing excellent customer service and free postage on orders over £50. The site allows customers to search by paint code or registration plate, and offers a "Pro XL Collection" and bespoke kits. Customer reviews are prominently displayed, highlighting the accuracy of colour matching and ease of application.

Financially, Myldan Auto Design Ltd presents a mixed picture. Accumulated amortisation and depreciation on intangible and property assets have increased significantly, with increases of 100% and 240% respectively. Advances to directors have decreased by 61%. Bank borrowings have risen by 22%, while cash reserves have doubled to £33,000. Creditors have increased by 35%, and finished goods have risen by 12%. Net assets have decreased by 36%, and net current assets and liabilities have decreased by 140%. 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, but the drop in equity is something to watch. No auditor is mentioned, which is likely due to the company’s small size and exemption from audit.

Overall, Myldan Auto Design Ltd appears to be a small, online business navigating the challenges of growth. The company's focus on a niche market—car touch-up paint—and its strong customer reviews suggest a solid foundation, but the financial data indicates some pressure.

Registered in England/Wales under the registration number 08129342, with a registered address at WS13 6HX, United Kingdom, Station Road, Lichfield, C/O Frution Accoutancy Ltd, Unit 4, Three Spires House.

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