Gloster Mep Limited

Gloster Mep Ltd, a dynamic and driven mechanical, electrical, and public health contractor based in Tunbridge Wells, UK, is a sizable company with a strong reputation in the industry. Founded thirteen years ago in 2011, it employs around 110 people and holds assets worth £27.6 million. The company’s yearly revenue is a substantial £50.8 million. While it has seven directors and one owner, it operates from a virtual address where thirty-one companies are registered, which is a bit unusual. Google reviews are stellar, boasting a perfect 5.0 rating based on eleven reviews.

The company’s core business revolves around providing innovative engineering solutions across various sectors, including commercial, residential, new build, retail, data centres, and refurbishment. Gloster Mep Ltd offers turnkey design and build services, specializing in mechanical, electrical, and public health engineering. Their website highlights a commitment to technological advancement, with teams dedicated to BIM and CAD, and a focus on community engagement and responsible industry regeneration. They're also award-winning constructors, having received recognition for projects and their contributions to the construction sector.

Financially, Gloster Mep Ltd presents a mixed picture. While turnover increased by 13% to £51 million, net assets increased by a significant 34% to £17 million. However, bank borrowings remained stable at £1.6 million, and cash reserves increased by 380% to £2.1 million. A notable trend is the surge in administrative expenses, rising by 3.8% to £4.8 million, and a decrease in amounts owed by group undertakings, falling by 5.5% to £2.4 million. Creditors also decreased by 3.1% to £20 million. The company's current assets remained stable at £28 million. It’s worth noting that the company has a large amount of amounts recoverable on contracts, which decreased by 26% to £14 million. The company is audited by Barnes Roffe LLP.

Overall, Gloster Mep Ltd appears to be a financially healthy and well-regarded company, though the rising administrative expenses warrant further scrutiny. The company’s commitment to innovation and community engagement, coupled with its strong industry reputation, positions it for continued success.

Registered in England/Wales under the registration number 07769221, with a registered address at TN4 8AS, England, Tunbridge Wells, Number 22 Mount Ephraim.

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