Mipa Paints Limited.

Mipa Paints Ltd from Havant UK: a large company, active status, founded 38 years ago, employs 31 people, holds £5,030,831 in assets, and generates £11,256,979 in yearly revenue. It has a real address, two directors, two owners, operates as a family business, runs an e-commerce site, and boasts a Google rating of 4.0 based on seven reviews. The company regularly imports and exports tanning and dyeing products—276 months of import activity and 201 months of export activity, respectively.

The company’s website, simply titled “Mipa Paints,” showcases a wide range of paints, coatings, and related products. It’s clear that Mipa Paints is focused on its core business: manufacturing and distributing high-quality paints and coatings for various industrial and commercial applications. The website highlights technical data sheets, product brochures, and application guides, suggesting a focus on serving knowledgeable customers. It’s a professional-looking site, and it's obvious they are selling online.

Financially, Mipa Paints Ltd shows a mixed picture. Current assets have decreased by 11% to £5,000,000, while net assets have increased by 11% to £6,300,000. Bank borrowings have surged by a significant 89% to £1,900,000, and cash reserves have fallen by 47% to £660,000. Creditors have also decreased by 13%, which is a good sign. The company meets the criteria for being a large company, having met two of three conditions: turnover exceeding £36 million, balance sheet total exceeding £18 million, and employing more than 250 people. The company’s auditor is MMO Limited, and the financial statements were prepared in accordance with Financial Reporting Standard 102.

The increase in bank borrowings could indicate investments in expansion or working capital needs. However, the drop in cash reserves and the decrease in current assets are concerning, suggesting that the company may be burning through money faster than it’s generating it. The lack of mention of a senior statutory auditor is likely due to the company being exempt from reporting. Overall, Mipa Paints Ltd appears to be a stable, established company, but it’s important to monitor its financial performance closely in the coming months.

Registered in England/Wales under the registration number 02074363, with a registered address at PO9 5AX, United Kingdom, Havant, Hampshire, Mipa Paints Limited, Fulflood Road.

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