Mtix Ltd

Mtix Ltd, based in Huddersfield, UK, is a small holding company with an active status, established 14 years ago. It employs 10 people and holds £469,296 in assets, operating from a virtual address. The company is managed by one director and one owner, and irregularly imports knitted or crocheted fabrics—just two months’ worth, with the last import occurring in December 2021.

The company’s website is non-existent, making it difficult to ascertain its exact operations beyond what’s publicly available. However, the company operates in the finishing of textiles industries.

Financially, Mtix Ltd presents a mixed picture. While the company is small (meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees), its equity has taken a significant hit, dropping 10% to -£13 million. Bank borrowings have increased by a substantial 9.6% to £9 million, while cash reserves have dwindled to a mere £530. Trade creditors have decreased by 4.3% to £13 million, suggesting improved debt management. Interestingly, trade debtors have surged by 660% to £470,000, which could indicate a period of rapid sales growth or potentially issues with collecting payments. The company's assets have also seen a 210% increase to £470,000.

The lack of an auditor mentioned likely means the company is exempt from an audit due to its small size. It's worth noting that the company’s financial instruments are classified as basic, and the accounts are prepared under the historical cost convention. The company's financial statements have been prepared in accordance with FRS 102.

Registered in England/Wales under the registration number 07622985, with a registered address at HD1 1PA, England, Huddersfield, 35 Westgate.

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