Mighty Bright Limited

Mighty Bright Limited is a small, active company from Hailsham, UK, established ten years ago in 2014. Despite its active status, confirmation is overdue by seven months, and it operates with just one employee and £17,673 in assets. The company has a virtual address, with ninety eight companies registered at the same location, and is managed by one director and one owner.

The company’s website reveals a focus on reflective fishing tapes and solutions, operating as "The UK's No.1 Reflective Fishing Tapes." It sells through its own website, an eBay store, and a Facebook page, indicating a multi-channel retail strategy. The business appears to be primarily ecommerce, with a trade wholesale enquiry email address provided.

Financially, Mighty Bright Limited presents a mixed picture. While the company's net assets have dropped significantly by 89%, from £9,500 to just £1,000, the company’s bank borrowings have increased by 32%, reaching £7,500. Cash reserves have also declined by 38%, falling to £9,600. Creditors have increased by 20%, reaching £21,000, while debtors have grown by 13%, reaching £5,200. 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 flexibility, but the decline in equity is a concern. The company is exempt from an audit as a small company, so the financial statements are unaudited.

Registered in England/Wales under the registration number 09178915, with a registered address at BN27 1DW, England, Hailsham, East Sussex, 30-34 North Street.

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