Mitac Europe Ltd

Mitac Europe Ltd, based in Crawley, UK, is a large, holding company with an active status, having been incorporated twenty-three years ago on May 10, 2001. The company employs forty-eight people and holds assets valued at £895,990. It has a real address, three directors, and one owner, though this owner list isn’s exhaustive. Mitac Europe Ltd regularly imports machinery, boilers, and mechanical appliances, parts, with nineteen months of import activity recorded, and exports electrical machinery and equipment, with fourteen months of export activity. The company operates within the other business support service activities n.e.c. industries.

The company's website is non-existent, which makes it difficult to ascertain if they operate an e-commerce site.

Financially, Mitac Europe Ltd shows a mixed bag of results. Current assets have decreased by 6% to £900,000, while net assets have remained stable at £700,000. Bank borrowings have increased by 9.2% to £380,000, and cash reserves have decreased by 15% to £440,000. Administrative expenses have fallen by 12%, a positive sign. However, the average number of employees has also decreased by 10%, which could be a concern. The company meets two of three criteria for being a large company: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The company’s financial statements are audited by Mercer & Hole LLP.

It's clear that Mitac Europe Ltd is facing some financial pressures, but its established position and ongoing import/export activity suggest it’s not in immediate danger. The decrease in employees could be a strategic move to cut costs, or it could indicate a slowdown in business. The company’s financial stability will depend on its ability to maintain its import and export operations and manage its debts effectively.

Registered in England/Wales under the registration number 04214164, with a registered address at RH10 1JH, United Kingdom, Crawley, West Sussex, The Pinnacle 3rd Floor, Station Way.

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