Mitchell Sports Limited

Mitchell Sports Wholesale, based in South Normanton, UK, is a small, family-run business with an active trading status. Founded eleven years ago in 2013, the company employs ten people and holds £589,863 in assets. With a real registered address and two directors and owners at the helm, it’s a tight-knit operation. The firm regularly imports toys, games, and sports equipment, with eleven months of import activity recorded, the latest in April 2024. It also exports glass and glassware, though only for one month, with the last export in October 2023.

The company’s website positions itself as a premier wholesale supplier of sporting goods, catering to both the UK retail market and internationally. It provides a wide range of sports products and emphasizes efficient ordering via its website. The site also highlights its ability to fulfill custom orders and offers shipping and payment options. It's clear they are focused on an e-commerce model.

Financially, Mitchell Sports Wholesale shows some concerning trends. Cash bank on hand dropped significantly by 63%, falling to £140,000. Creditors increased by 29%, reaching £290,000, and trade debtors rose by 25%, suggesting potential issues with customer payments. However, retained earnings and accumulated losses increased by 14%, indicating some profitability. Current assets decreased by 38%, which could be a result of increased investment in inventory. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decline in cash reserves warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Mitchell Sports Wholesale seems to be navigating a period of change. While its wholesale model appears to be functioning, the financial data suggests it’s burning through money. It's likely the company is investing in growth, but the declining cash reserves are something to keep an eye on.

Registered in England/Wales under the registration number 08596257, with a registered address at DE55 2ER, South Normanton, Derbyshire, 72 Mansfield Road.

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