M.b. Auto Electrical Ltd

M.B. Auto Electrical Ltd, based in Gloucester, UK, is a small, family-run business with an active status. Founded 22 years ago in 2002, the company employs six people and holds £74,163 in assets. With a real registered address and two directors and two owners at the helm, it’s a close-knit operation. The business operates in the maintenance and repair of motor vehicles.

The company is a regular exporter of electrical machinery and equipment, with 17 months of export activity recorded, the latest in December 2022. It’s also an irregular importer, with its top import category being electrical machinery and equipment, totaling 2 months of imports, the last in November 2022. There is no website listed for this company.

Financially, M.B. Auto Electrical Ltd shows a mixed picture. Current assets decreased by 13% to £74,000, while net assets plummeted 350% to -£9,100. Bank borrowings surged by 150% to £34,000, and cash reserves fell 150% to £34,000. Creditors decreased by 39%, suggesting better debt management. 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 stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's financial data suggests it's facing challenges. While it’s managed to reduce its creditors, the negative equity and increased borrowings indicate it’s burning through cash. Whether it can sustain its operations in the long term remains to be seen, but the family ownership and focus on electrical work suggest a resilient business with potential.

Registered in England/Wales under the registration number 04547869, with a registered address at GL2 9ES, Gloucester, Gloucestershire, 305 Longford Lane.

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