MI3 LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -16%

  £8,661,822 → £7,272,069

• Cash

  -3.6%

  £156,280 → £150,722

  lowest in 5 filed years

• Net assets

  +3.6%

  £5,056,843 → £5,238,668

  highest in 5 filed years

• Employees

  -19.4%

  93 → 75

• Operating profit

  -63.5%

  £575,174 → £209,830

  lowest in 5 filed years

• Profit before tax

  -54.1%

  £578,541 → £265,532

  lowest in 5 filed years

• Wages

  -32%

  £2,712,685 → £1,845,243

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Harold Smith

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Significant events

• “In 2024 we completed successfully the onboarding of a new product as an important element to compensate for the decreasing revenue of mature products.”
• “One major achievement in 2024 was the successful implementation of an electronic Quality Management System combined with the successful ISO 13485 Certification and a business scope extension.”
• “We had to postpone the implementation of our digitalized shopfloor solution from 2024 to 2025 due to manufacturing engineering resource restraints and to ensure a successful implementation of our Quality Management System and associated streamlining and optimization of Mi3's operational procedures.”
• “The company has invested in a digital Shopfloor System combined with a lean kanban based production line setup to address regulatory driven complexity and unlock savings and efficiency improvement potential.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.