Madagascar Uk Limited

Madagascar Uk Limited is a small, holding company based in London, UK, with an active status. Founded nine years ago in September 2015, the company employs 18 people and holds assets valued at £3,587,136. It has a real registered address and is overseen by two directors and one owner. The company regularly imports clothing and accessories made by knitting or crocheting, with 210 months of import activity recorded.

The company's website primarily focuses on Madagascar Oil, a business involved in energy exploration and production. It highlights the company’s pioneering spirit, proven track record, and commitment to responsible operations. There’s a welcome section with calls to action to “Read More” about their work in benchmark IMO2020 and corporate social responsibility (CSR) initiatives. The website doesn's appear to be an e-commerce site, instead serving as a corporate information portal.

Financially, Madagascar Uk Limited presents a mixed picture. While cash bank on hand decreased by 4.3% to £860,000, current assets increased by 37% to £3.6 million. However, the company’s net assets grew only 6.8% to £1.7 million, and bank borrowings increased significantly by 84% to £2.1 million. Trade debtors also rose by 62% to £2.5 million, suggesting potential issues with customer payments. Despite this, creditors decreased by 84% to £1.9 million, indicating improved debt management. 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 nimble, but the increase in debt warrants closer scrutiny. The company’s auditor is Belluzzo Audit Limited.

The financial data suggests the company is not burning through money at a startup pace, but it’s also not generating substantial profits. The increase in debt, coupled with the rise in trade debtors, may indicate a need to improve cash flow management. The company's focus on energy exploration and production, as highlighted on its website, may be a more capital-intensive business model, contributing to the need for external financing.

Registered in England/Wales under the registration number 09786855, with a registered address at W4 1RX, United Kingdom, London, 9 Fishers Lane, The Garment Building.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.