Mytag. Limited

Mytag Ltd, based in Bury St. Edmunds, UK, is a small holding company with an active status, having been founded thirteen years ago in 2012. Employing sixteen people, the company holds assets valued at £1,429,789 and operates from a real address. It’s managed by two directors and has one owner, boasting a stellar Google rating of 5.0 based on two reviews. The company regularly imports electrical machinery and equipment, with the last import operation occurring three months ago in October 2023.

The company’s website, now rebranded as Kinexio, formerly known as MyTag Mallcomm, clearly states, “We have rebranded! We are now Kinexio. Bigger. Bolder. Better.” The site directs visitors to explore the new brand, suggesting a significant shift in business focus. Copyright information indicates the company is now Kinexio Limited, and the website links to LinkedIn and promotes the new brand. It’s clear that the company has undergone a substantial change, moving away from its previous identity.

Financially, Mytag Ltd presents a mixed picture. Cash bank on hand increased significantly by 58%, reaching £990,000, a positive sign. However, creditors also rose by 26%, reaching £910,000, which could indicate increased borrowing or extended payment terms. While current assets grew by 37% to £1,400,000, the company's equity increased by 45% to £790,000. The number of employees decreased by 19% to thirteen, which may be a result of the rebranding and restructuring. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the changes in staffing and creditor levels warrant further observation. No auditor is mentioned, which is typical for a small, exempt company.

Registered in England/Wales under the registration number 08039799, with a registered address at IP32 7AR, United Kingdom, Bury St. Edmunds, 4 Beacon House, Kempson Way.

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