M3 Changeparts Ltd

M3 Changeparts Ltd from Mansfield UK: a small, active company founded 19 years ago, employs 14 people, and holds £1,161,519 in assets. It operates from a virtual address – forty-seven companies are registered there – and is overseen by five directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances parts (13 months), with the latest import in February 2025. It also exports these items, but less frequently (2 months, latest in October 2022).

The company’s core business involves the manufacture of other special-purpose machinery, and it operates in the industry. The website is non-existent, so it's hard to say if it’s an e-commerce business.

Financially, M3 Changeparts Ltd shows some concerning trends. Current assets have dropped significantly, falling 36% to £1,200,000. Bank borrowings have increased by 1,400%, reaching £29,000, and cash reserves have fallen 42% to £970,000. Creditors have also increased by 31%, suggesting a need to manage debt. On a positive note, trade debtors have risen by 37%, which could indicate increased sales. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor (likely exempt) means the figures are unaudited.

The sharp decline in cash reserves and the increase in borrowings are points of concern. While increased trade debtors could be a sign of growth, it also carries risk if payments are delayed. The company’s small size allows for flexibility, but the financial pressures need to be addressed.

Registered in England/Wales under the registration number 05567554, with a registered address at NG21 9PR, England, Mansfield, Edwinstowe House High Street, Edwinstowe.

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