Mikado Equine Ltd

Mikado Equine Ltd, based in Alton, UK, is a small, active company founded twelve years ago. With a Google rating of 5.0 from 38 reviews, it’s a well-regarded business employing just one person and holding £106,143 in assets. The company has two directors and one owner, and its real address is registered. It’s a regular importer, primarily of headgear and accessories, with five months of import activity recorded.

The company’s website showcases a wide range of equestrian products, from boots and bandages to saddles and stirrups. It operates an e-commerce site, selling to both trade and retail customers. The site also offers a trial service for custom saddles and helmets. It seems to be a well-stocked online tack shop, catering to a variety of equestrian disciplines.

Financially, Mikado Equine Ltd presents a mixed picture. While current assets remain stable at £110,000, bank borrowings increased by 45%, reaching £13,000. Cash bank on hand is steady at £1,300. Trade debtors have risen significantly, up 340% to £4,700, suggesting potential challenges in collecting payments. Creditors, however, decreased by 65%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and a single employee. No auditor is mentioned, likely due to its small size.

The increase in bank borrowings and rise in trade debtors, alongside a slight decrease in equity, suggests the company may be burning through cash to maintain operations. However, the decrease in creditors indicates improved debt management. It’s likely that the company is investing in inventory or marketing to support its online sales, but it will need to manage its cash flow carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 08317589, with a registered address at GU34 5EE, England, Alton, Hampshire, Unit 12 Redhill Farm Red Hill, Medstead.

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