Machine Technology Limited

Machine Technology Ltd, based in London, UK, is a small, active company with a long history, having been founded 60 years ago in 1965. With just one employee and £637,824 in assets, it’s a lean operation overseen by three directors and a single owner. The company regularly imports optical and medical tools and devices – 10 months of import activity were recorded, the latest in November 2024 – while also engaging in irregular exports of electrical machinery and equipment, with just two months of export activity. It has a real address, and only one other company registered there.

The company’s website highlights its expertise in precision manufacturing, offering services ranging from design and prototyping to full-scale production, assembly, and delivery. They cater to a diverse range of industries, including health, hygiene, and safety, as well as precision electronics and fluid management. Their website also features case studies and a blog, showcasing their work and expertise. They really value working with Machine Technology, who are one of their top suppliers.

Financially, Machine Technology Ltd shows a mixed picture. Current assets decreased by 8.3% to £640,000, while net assets increased by 2.9% to £1.3 million. Bank borrowings decreased by 79%, suggesting better debt management. However, gross profit loss decreased by 32%, and operating profit loss also decreased by 47%. 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 decrease in profit raises questions. There’s no auditor mentioned, likely exempt as a small company, so the figures are unaudited.

The company’s financial statements are prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102. It’s clear that Machine Technology Ltd is a long-standing business with a focus on precision engineering, but its recent financial performance suggests it’s facing some challenges.

Registered in England/Wales under the registration number 00838106, with a registered address at N3 2LB, United Kingdom, London, 6 The Avenue, 6 The Avenue.

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