Maintech Europe Limited

Maintech Europe Ltd, based in London, UK, is a small, active company founded 16 years ago in 2008. With 19 employees and £1,300,693 in assets, it’s a family-run operation with two directors and a solo founder, Shah Bhavin. The company operates from a real address and is regularly importing machinery, boilers, and mechanical appliances; parts, with 128 months of import activity recorded, and exporting similar goods, with 9 months of export activity. It's also involved in the repair of computers and peripheral equipment.

The company’s website, Maintech.co.Ltd, presents itself as a “Consulting Partner for EcoPaperMaking,” which is a bit of a surprise given the import/export of machinery. The site is simple, with a basic HTML structure and no obvious e-commerce functionality. It seems more like a corporate information page than a sales platform.

Financially, Maintech Europe Ltd shows a mixed picture. Current assets decreased by 7.7% to £1,300,000, while net assets declined by 12% to £1,000,000. Cash reserves, however, increased significantly by 390%, reaching £21,000. Bank borrowings remain steady at £1,300,000. Creditors also increased by 11%, suggesting a reliance on trade credit. 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 nimble, but the decline in equity raises questions. The company’s auditor, Myers Clark, has issued an unqualified opinion, which is reassuring.

The increase in cash reserves is a positive sign, but the decline in net assets and the reliance on bank borrowings suggest the company is burning through money. The shift towards eco-paper making, as advertised on the website, may be a new venture aimed at diversifying revenue streams. It’s unclear how closely this new direction relates to the core import/export business. The company’s financial health, while not dire, warrants close monitoring.

Registered in England/Wales under the registration number 06612137, with a registered address at N2 0EF, England, London, Brentano Suite, First Floor, Lyttelton House,, 2 Lyttelton Road.

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