Mitt Enterprises Ltd

Mitt Enterprises Ltd, based in Harrow, UK, is a small, active company founded ten years ago in 2014. It’s a solo founder operation with one director and one employee, holding £74,886 in assets. The company operates in the retail sale via mail order houses or via internet industries.

The business’s website isn’t available for review, so it’s difficult to determine the exact nature of its e-commerce activities. However, the description suggests a focus on online retail.

Financially, Mitt Enterprises Ltd presents a mixed picture. Cash bank on hand has increased significantly by 120%, reaching £41,000, which is a positive sign. However, net assets have decreased by 40% to -£30,000, and net current assets and liabilities have increased by 260%, reaching -£43,000. Bank borrowings have also increased, reaching £6,200. Creditors have ballooned by 110%, reaching £120,000, while trade debtors have increased by 29%. It’s worth noting that the company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in equity raises concerns. There's no auditor mentioned, which is common for small, exempt companies. The company’s revenue has increased, which is good, but the increase in debt needs to be monitored. The director acknowledges his responsibilities, which is good to see.

Registered in England/Wales under the registration number 09071700, with a registered address at England, Harrow View, Harrow, Flat-1 Focus Apartments, 223.

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