Mhs Eco Friendly Ltd

Mhs Eco Friendly Ltd, based in Exeter, UK, is a small, holding company with an active status. Founded four years ago in April 2020, it operates an e-commerce site and has one director and one owner. The company meets the criteria for a small business, having a turnover under £10.2 million, a balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, MHSEcoFriendly, focuses on selling eco-friendly products, with distinct sections for kitchenware, art supplies, and a gift card. It offers healthy meal planning guides and emphasizes its commitment to sustainable practices. The site also features a newsletter signup and offers free shipping, money-back guarantees, and online support. The business is located at Unit 20-22 Wenlock Road, London N1 7GU, United Kingdom.

Financially, Mhs Eco Friendly Ltd has experienced a turbulent year. Cash bank on hand has plummeted by 97%, dropping to just £110, while net assets have decreased by 82%, settling at -£11,000. Creditors have also seen a mixed trend, with a 34% increase within the last year, but a 100% decrease after one year. Loans from directors have increased by 2100% to £2100. The company’s retained earnings and accumulated losses have also declined significantly. Despite these challenges, trade debtors have decreased by 18%, suggesting improved debt management. The company’s small size allows for agility, but the sharp decline in equity is concerning. The accounts are filleted and unaudited, with F&F Accountants serving as the accountants.

Overall, Mhs Eco Friendly Ltd is facing financial headwinds, despite its active e-commerce presence and commitment to eco-friendly products. The company's ability to navigate these challenges will depend on its ability to generate revenue and manage its expenses effectively.

Registered in England/Wales under the registration number 12575996, with a registered address at EX2 8NY, England, Exeter, Unit8. C/O Minuteman Press 6 Marsh Green Road North, Marsh Barton.

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