2m Automation Ltd

2M Automation Ltd, based in Wilmslow, UK, is a small, active company established 21 years ago. With seven employees and £1,447,013 in assets, it operates from a virtual address – a detail flagged by the registration of 38 companies at the same location. The company is led by three directors and owned by two individuals, Mirshafiei Mostafa and Kandeke Mulemba. It’s a specialist design activities company.

The business primarily focuses on electrical machinery and equipment, acting as a regular exporter for 16 months and an irregular importer for just one month, with the most recent import operation occurring in March 2024. Its website showcases a range of services, including company history, values, and a team of experts – Mosi Mirshafiei, Mulemba Kandeke, and Sahar Mirshafiei, alongside electrical design specialists and others. It also highlights projects and a 2M Lab, suggesting a focus on innovation and hands-on development.

Financially, 2M Automation Ltd presents a mixed picture. Cash bank on hand dropped significantly by 11% to £860,000, while creditors increased substantially by 120% to £170,000. Trade debtors also saw a large increase, rising 110% to £330,000. Despite this, current assets grew by 18% to £1,400,000, and net assets increased by 11% to £1,300,000. A notable decrease was observed in finished goods, dropping 25% to £63,000. Deferred tax liabilities, however, turned negative, plummeting by an astonishing 3,000% to -£23,000. The company’s small size—meeting two of three criteria for being small—helps it remain agile. No auditor is mentioned, suggesting it’s exempt from an audit as a small company.

The sharp increase in debtors and creditors, alongside the decrease in cash reserves, suggests the company might be experiencing some cash flow challenges, or perhaps it’s aggressively expanding its business. The negative deferred tax liability is a bit unusual and warrants further investigation.

Registered in England/Wales under the registration number 04750866, with a registered address at SK9 4LY, England, Wilmslow, Unit 3, Building 2 The Colony Wilmslow, Altrincham Road.

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