Machinery Engineering Limited

Machinery Engineering Ltd from Walsall UK is a small, holding company with an active status. Founded 33 years ago in 1992, the company employs four people and holds £137,620 in assets. It operates from a real address and is overseen by four directors and four owners. The company also runs an e-commerce site, and is an irregular importer of basic metal tools and utensils, with its last import operation occurring one month ago in July 2022.

The company is a small business, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. It operates in the manufacture of bearings, gears, gearing, and driving elements. The website, Body Shock, showcases a wide range of tattoo and body piercing supplies, including stainless steel and titanium jewellery, tattoo equipment, inks, and aftercare products. It even has a blog discussing topics like combining tattoos and piercings. The company is a large supplier, exhibiting at tattoo and piercing conventions and partnering with leading brands like Fusion Tattoo Ink and Cheyenne Products.

Financially, Machinery Engineering Ltd is showing some concerning trends. Accumulated depreciation increased by 1.7%, and bank borrowings are down to zero. However, creditors have increased significantly, jumping 110% to £190,000. Net current assets and liabilities are down, and cash reserves are up to £1,500. The company’s equity is down significantly, and trade debtors are up 70%. The lack of an auditor (likely exempt due to its size) means the figures are unaudited.

Despite these challenges, the company’s small size allows for agility, and the Body Shock website suggests a strong brand presence and loyal customer base. It’s possible the increased creditors reflect investment in inventory or expansion, but the decline in equity warrants closer attention.

Registered in England/Wales under the registration number 02703334, with a registered address at WS2 7DE, Walsall, West Midlands, C/O Atlas Ball & Bearing Co Ltd, Leamore Lane.

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