Mitsue Limited

Mitsue Limited is a small, active company based in Sheffield, UK, established seventeen years ago in June 2007. The company, with a single employee, holds £9,256 in assets and operates from a real address. It’s a solo founder’s project, managed by two directors and one owner, Tunnard Mitchell. Mitsue Limited engages in non-specialised wholesale trade and retail sales via mail order and the internet.

The company’s website is currently unavailable, making it difficult to assess its e-commerce presence or specific product offerings. It’s unclear if they have a fully functional online store or primarily rely on other channels for sales.

Financially, Mitsue Limited presents a mixed picture. While the company’s net assets decreased by 22% to -£24,000, cash reserves increased significantly by 280% to £7,000. Bank borrowings also saw a considerable rise of 36%, reaching £7,400. Creditors increased by 28%, and trade debtors decreased by 60%. 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 negative equity suggests a reliance on debt. The lack of an auditor mentioned (likely exempt as a small company) means the financial data isn’t independently verified.

The company’s retained earnings and accumulated losses are -£24,000, which is not a good sign. The company is likely burning through money, but the increase in cash reserves could indicate a recent influx of funds or improved cash flow management. The company’s director signing the financial statements is M Tunnard, and the company uses CCH Accounts Production software.

Registered in England/Wales under the registration number 06273749, with a registered address at S35 9ZX, England, Sheffield, Office 4 Heywood House Hydra Business Park, Nether Lane.

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