Mighte Limited

Mighte Limited is a small, active company based in Armagh, Northern Ireland, established five years ago in 2019. It's a solo-founded operation with one director and owner, Stinson Jonathan, and holds £117,566 in assets. The company operates from a real address within an industrial estate and is classified as a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s an irregular importer, primarily dealing in vehicles, parts, and accessories, with the last import operation occurring in October 2024.

Mighte Limited’s core business is providing personal training and fitness classes in Finchley, London. Its website showcases a private gym offering one-on-one personal training, small group classes, and specialized TeenFit sessions. The gym emphasizes expert health coaches, innovative training techniques, and a quality-focused environment. It caters to a wide range of fitness goals, from weight loss and strength training to injury prevention and mental wellbeing, and boasts a range of high-tech equipment, including a body composition analyzer and resistance training platforms.

Financially, Mighte Limited presents a mixed picture. While current assets increased by 65% to £120,000, net assets declined by 41% to -£250,000—a substantial drop. Bank borrowings rose sharply, increasing by 2,400% to £3,000, while cash reserves improved significantly, jumping 440% to £31,000. Trade debtors decreased by 13%, and creditors increased by 40%. The company’s reliance on retained earnings and accumulated losses is notable. With no auditor mentioned, the financial statements are unaudited and rely on director-reported data.

The company’s financial trajectory suggests it’s navigating a challenging period, potentially typical for a growing business. The focus on premium services and specialized equipment indicates a strategy to differentiate itself in a competitive market, but the negative equity and increased borrowings warrant close monitoring.

Registered in Northern Ireland under the registration number NI662067, with a registered address at BT60 1HW, Northern Ireland, Armagh, 58d Hamiltonsbawn Road Industrial Estate, Hamiltonsbawn Road.

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