Mitchell Potatoes Ltd

Mitchell Potatoes Ltd, based in Rugby, UK, is a medium-sized holding company with a 44-year history. Employing 69 people, the company holds £2,935,356 in assets and generates a yearly revenue of £22,270,456. It’s a real address, with four directors and one owner, and boasts a solid 4.0 Google rating from 66 reviews. The company is an irregular importer of edible vegetables and roots, with its last import operation recorded in March 2024.

Mitchell Potatoes Ltd operates primarily as a wholesale supplier of potatoes to the fish and chip shop and catering trade. The company’s website highlights its focus on quality potatoes and efficient service, delivering to a wide area across England and Wales. It’s a family-owned and managed business, working closely with seed houses to identify new potato varieties and stocking a wide range of farms. The website also mentions a connection to Zanfish Wholesale Limited and Boots Farm Limited.

Financially, Mitchell Potatoes Ltd presents a mixed picture. While turnover increased by a substantial 37%, reaching £22 million, net assets grew by only 10% to £5 million. Bank borrowings decreased by 33%, which is positive, but accrued liabilities rose by 25%, suggesting increased short-term obligations. Cash bank on hand, however, saw a healthy increase of 37%, indicating improved liquidity. The company's investment property fair value model increased by 22%, which is good news. The company’s director remuneration increased by 97%, which could be a sign of increased investment in leadership. The company's tax expense increased by 77%, which could be due to increased profits. The company's auditors, Magma Audit LLP, have issued an unqualified opinion.

The company's size, meeting two of three criteria for a medium-sized company, allows for flexibility, but the increase in accrued liabilities warrants close monitoring. The focus on family ownership and quality potatoes, combined with a strong online presence, suggests a business well-positioned for continued success—although careful management of short-term obligations will be key.

Registered in England/Wales under the registration number 01530501, with a registered address at CV23 9QQ, United Kingdom, Rugby, Warwickshire, Boots Farm Straight Mile, Frankton.

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