Twenty Twenty (mcr) Ltd

Twenty Twenty Mcr Ltd, based in Salford, UK, is a small, active company founded five years ago. It employs four people and holds £195,594 in assets. The business operates as a regular importer of clothing and accessories—excluding knitted or crocheted items—with 56 months of import activity recorded, the last operation occurring in April 2024. It's a solo-founded venture, managed by one director and owner, Zhu Fukang. The company’s registered address is real, with only one other business registered there.

The company operates in the non-specialised wholesale trade industries. While a website isn’t available, this suggests a B2B focus, likely supplying retailers or other businesses rather than selling directly to consumers. It’s a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Twenty Twenty Mcr Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 200% to £10,000—a positive sign. However, retained earnings and accumulated losses have plummeted, resulting in a net asset liability of -£5,300. Bank borrowings have decreased by 15% to £42,000, and creditors have also fallen by 15% to £42,000. Trade debtors have risen sharply, increasing by 200% to £160,000, which could indicate a period of rapid growth or potentially issues with collecting payments. The company’s unaudited accounts, exempt due to its small size, rely on director-reported data.

The significant drop in equity, despite increased cash, suggests the company may be reinvesting heavily in its business—perhaps expanding its import operations or improving its warehousing capabilities. It's also possible that increased debtor levels are straining its cash flow. While the company’s active status and growing import activity are encouraging, the negative equity warrants close monitoring.

Registered in England/Wales under the registration number 12394716, with a registered address at M8 8HF, United Kingdom, Salford, 51 F Level 2, Derby Street.

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