Mihaus Uk Limited

Mihaus Uk Ltd, based in Glenrothes, UK, is a small, active company founded ten years ago in 2015. With eleven employees and £707,459 in assets, it operates from a real address within Lomond Business Park. The company is led by one director and one owner, and it runs a thriving e-commerce site specializing in kitchen and bathroom design and installation. Google reviews are excellent, boasting a 5.0 rating from 36 reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with nineteen months of import activity recorded, the last in December 2024.

The company’s website showcases a wide range of services, from bespoke German kitchen design to bathroom renovations and flooring solutions. It caters to both residential and commercial clients, with a particular focus on property developers and new build homes. The site highlights partnerships with leading brands like Miele, Bosch, and Siemens, and emphasizes expert guidance and high-quality materials. It’s clear that Mihaus Uk Ltd aims to be a one-stop shop for stylish and functional home improvements.

Financially, Mihaus Uk Ltd’s recent performance presents a mixed picture. Current assets have decreased by 22% to £710,000, while net assets have remained steady at £290,000. Bank borrowings have dramatically decreased by 100%, reaching zero—a positive sign. However, cash reserves have plummeted 87%, leaving just £1,700 available. Trade debtors have increased by 17%, suggesting a possible delay in customer payments. Creditors have also risen by 18%, and there has been a 61% drop in merchandise. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

Overall, Mihaus Uk Ltd seems to be navigating a period of financial adjustment. The decrease in cash reserves and increase in trade debtors warrant closer attention, but the elimination of bank borrowings is a welcome development. The company’s strong online presence and focus on high-quality products suggest it’s well-positioned to weather these challenges and continue serving its customers.

Registered in Scotland under the registration number SC504069, with a registered address at KY6 2PJ, Glenrothes, Fife, Unit 5, Suite 3 Lomond Business Park, Baltimore Road.

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