Ninety Minds Ltd

Ninety Minds Ltd from Ruislip UK is a small company with an active status, founded six years ago. Accounts are currently overdue by one month, and confirmation is overdue by three months. The company employs just one person and holds £17,692 in assets, operating from a virtual address. It's managed by one director and one owner.

The company operates in the retail sale via mail order houses or via internet industries. Its website is currently unavailable, making it difficult to assess its e-commerce activity.

Financially, Ninety Minds Ltd appears to be struggling. Cash bank holdings have dropped significantly by 62%, falling to £5,300. Current assets have also seen a sharp decline, decreasing by 48% to £18,000. Equity has plummeted by a staggering 340%, now standing at -£37,000. While creditors have increased by 37%, suggesting a reliance on credit, the substantial drop in equity and cash reserves is concerning. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it avoids more rigorous reporting requirements, but the lack of an auditor mentioned (likely exempt as a small company) leaves the figures reliant on unaudited director reports.

The significant decrease in equity could be attributed to several factors, such as increased operating expenses, reduced sales, or a one-time investment. The increase in creditors could indicate the company is using credit to manage its cash flow. It’s possible the company is in a period of rapid growth, burning through cash to expand its operations, or it may be facing more fundamental challenges.

Registered in England/Wales under the registration number 11378440, with a registered address at HA4 7AE, United Kingdom, Ruislip, London, 2nd Floor College House, 17 King Edwards Road.

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