Macway Limited

Macway Ltd from Manchester UK: a small, active company founded 16 years ago, employs 15 people, and holds £1,249,356 in assets. It’s a solo-founded operation led by one director and owner, boasting a stellar 5.0 Google rating from just four reviews. The company regularly imports and exports electrical machinery and equipment, with 78 months of import activity and 562 months of export activity recorded.

The company operates in the wholesale of electronic and telecommunications equipment and parts, the non-specialised wholesale trade industries. Its website showcases a focus on supplying these components, likely to businesses rather than directly to consumers. While a dedicated e-commerce platform isn't immediately apparent, the website serves as an informational hub, detailing the company's services and contact information.

Financially, Macway Ltd presents a mixed picture. While net assets increased by 1.5% to £520,000, current assets decreased by 0.42% to £1,200,000. Bank borrowings decreased by 32% to £22,000, and cash reserves increased by 10% to £510,000. Trade debtors increased by 7.6% to £560,000, while trade creditors decreased by 21% to £650,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the fluctuating debtor and creditor balances suggest a need for careful cash flow management. As a small company, it’s exempt from an audit, so the figures are unaudited. The company’s tax policy is to recognise current tax liabilities and assets based on taxable profit and losses.

Overall, Macway Ltd appears to be a stable, if somewhat lean, operation. The company’s consistent import and export activity, combined with its positive Google rating, suggests a reliable supplier within the electrical machinery and equipment sector.

Registered in England/Wales under the registration number 06763518, with a registered address at M11 2NB, England, Manchester, Unit 10 Medlock Court, Welcomb Street.

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