Mi3 Limited

Mi3 Ltd from Colwyn Bay UK: a large company, active status, founded 19 years ago, employs 80 people, holds £4,260,012 in assets, and generates £8,661,822 in yearly revenue, with a real address and five directors, but no owners reported. It boasts a perfect 5.0 Google rating based on a single review. The company regularly imports and exports optical and medical tools and devices, with 90 months of import activity and 29 months of export activity.

Mi3 Limited operates as a medical device manufacturer, offering design, development, and contract manufacturing services. Its website highlights expertise in thermoplastic engineering, tubing systems, and regulatory compliance, taking product ideas from initial consultation to production. The company offers a full suite of services, including design development, ISO Class 7 cleanroom manufacture, assembly, packaging, and even 3D printing and sterilization. They also provide prototyping and offer a resource centre with regulatory guidance. The company's website suggests a focus on high-value, specialized medical products.

Financially, Mi3 Ltd presents a mixed picture. While turnover remained steady at £8.6 million, current assets decreased by 13%, dropping to £4.3 million. Cash reserves increased significantly by 150%, reaching £160,000—a positive sign. However, bank borrowings increased by 200%, reaching £67,000. Debtors increased by 20%, and creditors decreased by 10%. The company’s large size (meeting two of three criteria for a large company) suggests established operations, but the increase in borrowings could indicate investments or working capital needs. The company’s auditor, Harold Smith, hasn’t reported any issues. The directors remuneration increased by 10%, which is normal, but the lack of owner information is a bit strange.

Registered in England/Wales under the registration number 05778266, with a registered address at LL29 8PE, Colwyn Bay, Selby Towers, 29 Princes Drive.

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