Machinery Engineering Services Limited

Machinery Engineering Services Ltd from Aldridge UK: a small, active company founded 40 years ago, employs 20 people, and holds £1,711,837 in assets. It’s a solo-founded operation with one director and owner. The company regularly imports iron or steel products, with recent activity recorded just last month.

The business operates in the "other business support service activities n.e.c." industries, and its website showcases a wide range of products and services related to tattoo supplies and body piercing. It’s a one-stop shop for everything from tattoo inks and needles to studio furniture and aftercare products, catering to both professional artists and enthusiasts. The website also features a blog with helpful tips and insights into the world of tattooing and body modification, demonstrating a commitment to customer education and engagement. It seems like a very active business, with a large range of products and a good online presence.

Financially, Machinery Engineering Services Ltd shows some concerning trends. Current assets have decreased by 11%, dropping to £1,700,000, while net assets have fallen by 10%, settling at £830,000. Bank borrowings have also increased, reaching £13,000, and cash reserves have declined by 11% to £47,000. However, creditors have decreased by 11%, suggesting improved debt management. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

Overall, Machinery Engineering Services Ltd appears to be a well-established business facing some financial headwinds. While its core business seems to be thriving, the decline in assets and cash reserves warrants close monitoring. The company’s long history and dedicated customer base, however, suggest it has the potential to weather these challenges and continue serving the tattoo and body piercing community.

Registered in England/Wales under the registration number 01847128, with a registered address at WS9 8BG, Aldridge, Walsall, Unit 5 Middlemore Lane West, Redhouse Industrial Estate.

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