J.m.g. Systems Ltd

Jmg Systems Ltd, based in Co Tyrone, UK, is a sizable holding company with an active status, having been incorporated 23 years ago in June 2001. Employing 103 people, the company holds £6,825,607 in assets and generates a yearly revenue of £12,000,813. With four directors and one owner, the company operates from a real address and has a Google rating of 3.0 based on eight reviews. They regularly import and export electrical machinery and equipment, with 39 months of import activity and 219 months of export activity.

The company’s website highlights its specialization in designing and manufacturing electrical control panels, displays, remote controls, and wiring systems for engine-based machines. They cater to a range of industries, including quarrying, materials handling, recycling, and ground support equipment. A key offering is the “Machine Medic” telematics solution, allowing for remote diagnostics and machine management worldwide. Jmg Systems also provides design services and offers a range of products, including control panels, industrial displays, and cable accessories. Their website also mentions a focus on apprenticeships and community engagement.

Financially, Jmg Systems Ltd shows a mixed picture. While turnover increased by 21%, net assets decreased by 17% to £6.1 million. Bank borrowings have completely vanished, dropping 100% to zero, while cash reserves decreased by 10% to £2.3 million. Creditors have also decreased by 6%, suggesting improved debt management. The company’s size qualifies it as large, meeting two of three criteria: turnover exceeding £36 million, balance sheet total exceeding £18 million, and employing more than 250 people. The accounts are audited by FPM Accountants Limited.

The significant decrease in net assets, despite increased turnover, warrants further investigation. While the elimination of bank borrowings is positive, the drop in cash reserves and the increase in trade debtors suggest potential cash flow challenges. The company’s reliance on exports, particularly in the electrical machinery sector, could be vulnerable to global economic fluctuations.

Registered in Northern Ireland under the registration number NI041081, with a registered address at BT78 5ED, Co Tyrone, 66 Derry Road, Omagh.

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