Majas Switchgear Limited

Majas Switchgear Ltd from Haydock UK is a small, active company founded nine years ago. With 29 employees and £1,038,212 in assets, it’s a modest operation led by two directors and a solo founder. The company operates from a real address and has a history of irregular importing of optical and medical tools and devices (one month imported) and exporting electrical machinery and equipment (one month exported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website, while not providing extensive details, suggests a focus on electrical engineering and switchgear solutions. It’s unclear if Majas Switchgear Ltd operates an e-commerce site or primarily serves business-to-business clients, but the limited online presence hints at a more traditional, offline business model.

Financially, Majas Switchgear Ltd’s recent performance shows some concerning trends. Current assets have fallen by 17%, dropping to £1,000,000, while net assets have plummeted 400%, landing at -£300,000. Bank borrowings have increased significantly by 180%, reaching £28,000, and cash reserves have halved to £39,000. Creditors have also decreased by 16%, suggesting better management of short-term liabilities. The company’s directors loan account shows a balance of £18,476 owed by M A Shaw, which is unsecured and interest-free. The company’s small size helps it stay agile, but the sharp decline in equity raises questions about its long-term viability. The accounts are unaudited, as is typical for small companies.

The company’s financial statements are prepared in accordance with Financial Reporting Standard 102 and the Companies Act 2006. It’s clear that Majas Switchgear Ltd is facing challenges, but its established presence and focus on a specialized field could provide a foundation for future growth, even if it's a bit slow.

Registered in England/Wales under the registration number 10035098, with a registered address at WA11 9XG, England, Haydock, Unit 20 Salisbury Road, Haydock Industrial Estate.

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