Mitt Products Limited

Mitt Products Limited, based in Keighley, UK, is a small, active company founded seven years ago. With a single employee and £46,085 in assets, it’s a solo founder operation managed by two directors. The company is an irregular importer, primarily bringing in printed materials like books, newspapers, and pictures—just one month of import activity was recorded as of November 2022. It operates within the “other manufacturing n.e.c.” industries.

The company’s website highlights its focus on disposable cleaning mitts and wipes, aiming to innovate within the traditional cleaning product market. It emphasizes a new, better, and environmentally sound approach, offering both wholesale and private label options. The company has two locations: Parkwood Business Park in Keighley and Pavillion Business Park in Leeds, and it’s easy to find them online.

Financially, Mitt Products Limited presents a mixed picture. Current assets have increased by 51% to £46,000, which is good, but cash bank on hand has dropped significantly by 55% to just £12,000. Debtors have risen dramatically, reaching £32,000, while creditors remain relatively stable at £37,000. Equity has seen a substantial improvement, increasing by 300% to £10,000. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The sharp drop in cash reserves, despite the increase in assets, suggests the company may be burning through money. While the increase in debtors could indicate growth, it also raises concerns about payment collection. The company's focus on innovation and environmentally sound products, combined with its small size, offers potential for agility, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 11053933, with a registered address at BD20 0EF, Keighley, West Yorkshire, 12 Ryefield Way Silsden.

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