Mymemorycard Ltd

MyMemorycard Ltd, based in Fareham, UK, is a small, active company founded two years ago. With £6,481 in assets and a real address, it’s a solo founder operation led by a single director and owner. The company operates an e-commerce site specializing in memory cards, USB sticks, and accessories for various devices – from iPhones to GoPros. Its website showcases a wide range of products, catering to both individual consumers and businesses, and even offers accessories for Apple devices.

The company’s website is clearly focused on e-commerce, providing detailed product listings, device compatibility information, and even blog content offering advice on memory card selection. It’s a well-organized site with a strong emphasis on customer service, featuring a perfect Google rating. While the company has been around for a couple of years, it seems to be actively expanding its product offerings and device support.

Financially, MyMemorycard Ltd presents a mixed picture. Cash bank on hand decreased by 12% to £5,900, and current assets fell by 11% to £6,500. However, loans from directors increased significantly, rising by 190% to £1,100. Debtor’s also increased, while creditors decreased by 14%. Equity, however, took a big hit, dropping by 110% to £680. 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 stay nimble, but the sharp decline in equity is a concern. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

It seems MyMemorycard Ltd is navigating the challenges of a growing e-commerce business, balancing revenue growth with managing its finances. The company's focus on a niche market and strong online presence could help it overcome these hurdles, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 14310836, with a registered address at PO15 7PF, England, Fareham, 144 Bluebell Way Bluebell Way, Whiteley.

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