Mace Industries Limited

Mace Industries Limited, based in Corby, Northamptonshire, UK, is a small, active company founded 34 years ago in 1991. With 50 employees and £7,551,359 in assets, it’s a well-established player in the region. The company boasts a real address, is managed by eight directors, and has one owner. Mace Industries is a regular importer of machinery, boilers, and mechanical appliances, with 45 months of import activity recorded, and a regular exporter with 76 months of export activity.

The company’s website is not available, so it’s hard to know exactly what they’re doing. However, they operate in the manufacture of lifting and handling equipment. This suggests a B2B focus, supplying equipment to industrial clients.

Financially, Mace Industries shows a mixed picture. Cash bank on hand increased by a substantial 44% to £2,000,000, which is good news. However, net losses deepened, and trade debtors increased by 23% to £3,500,000, which could indicate difficulties in collecting payments. Creditors also rose significantly by 61% to £3,900,000, suggesting increased borrowing. On the positive side, the company's net assets grew by 13% to £4,200,000, and accumulated amortisation and depreciation impairment decreased. Mace Industries meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Mace Industries appears to be a stable, long-standing company, but the rising debts should be monitored. The increase in cash reserves is encouraging, but the company needs to ensure it can manage its creditors effectively.

Registered in England/Wales under the registration number 02591930, with a registered address at NN17 4JN, Corby Northampton, Northamptonshire, Units 1-3 Macadam Road, Earlstrees Industrial Estate.

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