MIFINITY UK LIMITED Financials
- Company number
- NI611169Copy
Copy - Registered office
- Suite B 6th Floor, City Exchange, 11-13 Gloucester Street, Belfast BT1 4LS
- Incorporated
- 14/02/2012
Company snapshot
- Status
- Active
- Employees
- 9 (2023)
- Latest financial data
- 2023
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
97.08%vs 20222022: £2.13M
Total Assets
44.00%vs 20222022: £16.14M
Cash in Bank
1.18%vs 20222022: £8.40M
Total Liabilities
35.95%vs 20222022: £14.01M
Employees
0vs 20222022: 9
In 2023, MIFINITY UK LIMITED reported net assets of £4.19M. The same filing shows total assets of £23.23M, cash in bank of £8.50M and total liabilities of £19.05M. Reported headcount was 9 in 2023. Total Assets rose from £16.14M in 2022 to £23.23M in 2023 (44.00%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
97.08%from £2.13M in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures MIFINITY UK LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+45.6%vs 2021+20.7% a year compound (CAGR)
Cash in Bank
+102%vs 2021+42% a year compound (CAGR)
Total Assets
+138%vs 2021+54.3% a year compound (CAGR)
Total Liabilities
+177%vs 2021+66.4% a year compound (CAGR)
Employees
+125%vs 2021+5Biggest increase
Total Liabilities+177%
£6.88M in 2021 to £19.05M in 2023
Every indicator Okredo holds for MIFINITY UK LIMITED rose between 2021 and 2023. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, with net assets, cash in bank, total assets and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MIFINITY UK LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 18.03%2023
- Liabilities to total assets
- 81.97%2023
- Cash to liabilities
- 44.64%2023
- Cash to total assets
- 36.59%2023
- Revenue per employee
- £1.20M2023
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MIFINITY UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 2.88M | 2.13M | 4.19M |
| Total Assets£ | 9.76M | 16.14M | 23.23M |
| Cash in Bank£ | 4.21M | 8.40M | 8.50M |
| Total Liabilities£ | 6.88M | 14.01M | 19.05M |
| Employees | 4 | 9 | 9 |
MIFINITY UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has MIFINITY UK LIMITED filed financial statements?
Yes. Okredo holds filed figures for MIFINITY UK LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
What net assets did MIFINITY UK LIMITED report in 2023?
MIFINITY UK LIMITED reported net assets of £4.19M for 2023. That compares with £2.13M in 2022, a change of 97.08%.
What total assets did MIFINITY UK LIMITED report in 2023?
MIFINITY UK LIMITED reported total assets of £23.23M for 2023. That compares with £16.14M in 2022, a change of 44.00%.
What cash in bank did MIFINITY UK LIMITED report in 2023?
MIFINITY UK LIMITED reported cash in bank of £8.50M for 2023. That compares with £8.40M in 2022, a change of 1.18%.
How many people does MIFINITY UK LIMITED employ?
MIFINITY UK LIMITED reported 9 employees in 2023, compared with 9 in 2022.
How have MIFINITY UK LIMITED financials changed over the last 3 years?
Between 2021 and 2023, MIFINITY UK LIMITED's net assets rose by 45.6%, cash in bank rose by 102%, total assets rose by 138% and total liabilities rose by 177%. Net assets compounded at 20.7% a year across the two years to 2023, from £2.88M to £4.19M. Reported headcount went from 4 in 2021 to 9 in 2023 (+5).
Which years of MIFINITY UK LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.