Mij Exhaust Ltd

Mij Exhaust Ltd, based in Birmingham, UK, is a small, active company established ten years ago. With thirteen employees and £104,942 in assets, it operates from a real address and is managed by a single director and owner, boasting a stellar 5.0 Google rating from 538 reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import operation occurring six months ago.

The company’s website reveals a thriving business specializing in bespoke stainless steel exhaust systems and related services. It offers construction, inspection, catalytic converter services, and a wide range of exhaust components, catering to car enthusiasts and repair shops alike. The site also features an online shop with direct-fit exhaust systems and fittings, showcasing a diverse product range. It even has a section for custom exhaust quotes, demonstrating a focus on personalized service.

Financially, Mij Exhaust Ltd’s report shows some concerning trends. Current assets have fallen by nearly half, dropping to £100,000, while net assets have also decreased significantly, reaching -£150,000. Bank borrowings have increased substantially, jumping to £34,000, and cash reserves have plummeted by 79%, leaving just £1,400. Creditors have also decreased, which might suggest better management of debt. The company meets two of the three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite the financial pressures, Mij Exhaust Ltd’s strong Google rating and specialized services suggest a loyal customer base. The company’s focus on custom-built exhausts and high-quality components appears to be a key differentiator. However, the sharp decline in equity and cash reserves warrants close monitoring, and it's unclear if the business can sustain its current trajectory.

Registered in England/Wales under the registration number 09261935, with a registered address at B12 8EA, Birmingham, 5 Highgate Business Centre, Highgate Road.

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