Myriad Market Ltd

Myriad Market Ltd from Mitcham UK is a small, active company founded six years ago. It employs one person and holds £11,419 in assets, operating from a real address. With one director and one owner – a solo founder – the company is a lean operation.

The business primarily operates in the retail sale via mail order houses or via internet industries. While a website wasn’s provided, this suggests an e-commerce focus, likely selling goods directly to consumers online. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Myriad Market Ltd shows a mixed picture. Cash bank on hand increased by a healthy 47% to £11,000, a positive sign of improved liquidity. However, creditors also increased by 53% to £9,100, and taxation social security payable rose by 58% to £9,100. Trade creditors and payables vanished completely, which is unusual. The company’s net assets liabilities increased by 10% to £2,800, but the fixed assets decreased by 34% to £460. It’s a small business, and the accounts are described as “filleted” – meaning they are simplified and don't provide as much detail. There’s no auditor mentioned, which is common for small companies exempt from an audit. The company's revenue recognition policy states that turnover is measured at the fair value of the consideration received, excluding discounts, rebates, and sales taxes.

Overall, Myriad Market Ltd appears to be navigating a period of growth, but also facing increased obligations. Whether this is a sustainable trend or a temporary blip remains to be seen.

Registered in England/Wales under the registration number 11895221, with a registered address at CR4 1FN, United Kingdom, Mitcham, Flat 6 Talbot Close.

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