Mitchell Inglis Limited

Mitchell Inglis Limited, a holding company based in Glasgow, UK, has been operating for 41 years, established in March 1984. The company, with a real address and an active status, employs 66 people and holds assets worth £5,099,190. Its yearly revenue stands at £13,329,294. Three directors and one owner oversee the operations, which have earned a Google rating of 4.0 based on 255 reviews. The company is an irregular importer, with its top import category being Wood and Wood Products, imported for two months, with the last import operation conducted on August 01, 2024.

Mitchell Inglis Limited operates within the maintenance and repair of motor vehicles industries. The company is a holding company, and the website doesn’t reveal any e-commerce activity. It seems to function primarily as an investment vehicle or holding structure.

Financially, the company shows a mixed picture. While turnover increased by 18%, reaching £13,000,000, net assets decreased by 15%, dropping to £1,300,000. Bank borrowings increased by 30%, reaching £170,000, and cash reserves fell by 20% to £2,300,000. Creditors decreased by 5%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250. The accounts are audited by McLay McAlister & McGibbon LLP.

The increase in bank borrowings and decrease in cash reserves could indicate that the company is investing in growth or facing increased operating expenses. The decrease in net assets, while concerning, could be due to a number of factors, such as increased investment in fixed assets or a decrease in retained earnings. The fact that the company has three directors, and the list was changed three months ago, suggests a period of change or restructuring within the business.

Registered in Scotland under the registration number SC087259, with a registered address at G14 0AQ, 1033 South Street, Glasgow.

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