Mito Interiors Ltd

Mito Interiors Ltd, based in Reading, UK, is a small, active company established nine years ago in 2015. With a single employee and £2,293 in assets, it's a lean operation managed by one director and owner. The company operates from a real address and is an irregular importer, having imported furniture, lighting, and prefabricated buildings for a brief two-month period ending in April 2022. Its website showcases bespoke furniture design and manufacturing, highlighting positive customer testimonials and a focus on high-quality craftsmanship.

The company’s online presence reveals a business specializing in custom furniture design and fitting, catering to clients seeking bespoke solutions like kitchen designs, wardrobes, and home bars. The website features a contact form and phone number, indicating a direct sales approach. It uses cookies to improve the user experience, a standard practice for modern e-commerce sites.

Financially, Mito Interiors Ltd presents a picture of a company struggling to maintain momentum. Current assets have plummeted 61% to just £2,300, while net assets have dropped 77% to -£3,500. Bank borrowings have decreased by 40%, but cash reserves have also fallen significantly by 53% to £2,300. Creditors have decreased by 40%, but other creditors have decreased by 87%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline is a cause for concern. The accounts are described as "filleted" and unaudited, relying on director-reported data.

While the website portrays a business focused on delivering high-end, bespoke furniture, the financial data suggests a company burning through cash. The decrease in assets and increase in liabilities indicate a need to carefully manage expenses and potentially explore new revenue streams. The lack of an auditor mentioned, due to its small size, means there's no independent verification of these figures.

Registered in England/Wales under the registration number 09691406, with a registered address at RG1 6FL, England, Reading, 107 Coley Avenue.

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