Mif Ltd

Mif Ltd from Leicester UK: a small holding company with an active status, was founded seven years ago in 2017. Employing 165 people, it holds assets valued at £1,875,015 and operates from a real address. Two directors and one owner oversee the business, which regularly imports clothing and accessories made by knitting or crocheting (108 months) and exports knitted or crocheted fabrics (5 months). The company operates in the manufacture of other women’s outerwear, and acts as agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries.

The company’s website details a range of industrial flooring solutions, specializing in slip-resistant decking systems, stair treads, and resin flooring. It manufactures and installs these products, catering to sectors like rail, construction, and marine industries. The website showcases case studies, highlighting projects like bridge refurbishments and station platform upgrades, and even offers bespoke design services. It’s clear the company is targeting large-scale industrial and public sector clients.

Financially, Mif Ltd’s report reveals some interesting trends. Current assets increased by 130% to £1,900,000, while net assets decreased by 21% to £390,000. Bank borrowings increased by 10%, reaching £9,600, and cash reserves rose by 53% to £300,000. Creditors decreased by 120%, a positive sign of improved debt management. Trade debtors have increased significantly, by 200%, suggesting a possible reliance on customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in net assets warrants closer attention. No auditor is mentioned, which is typical for a small, exempt company.

The increase in current assets and cash reserves is encouraging, but the decrease in net assets suggests that the company is burning through equity, perhaps reinvesting heavily in growth. The large increase in trade debtors may indicate difficulties in collecting payments, or a shift towards offering more credit to customers. Overall, Mif Ltd appears to be a growing company, but it’s important to monitor its financial health closely to ensure its long-term sustainability.

Registered in England/Wales under the registration number 10894857, with a registered address at LE4 7RH, England, Leicester, 3 - 7 Woodbridge Road, Unit 1.

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