Massey Catering Equipment Limited

Massey Catering Equipment Limited, based in Craigavon, Northern Ireland, is a small, family-run business with an active status. Founded twelve years ago in 2012, the company employs twelve people and holds £3,054,337 in assets. It operates from a real address and is led by four directors and two owners. The business runs an e-commerce site and enjoys a perfect 5.0 Google rating from ten reviews. Massey Catering Equipment is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with the last import operation recorded two months ago in July 2024.

The company’s website showcases its wholesale operations, specializing in catering equipment and supplies. It’s a wholesale business, and the company’s website is well-designed and easy to navigate, highlighting a range of products and services. While the website doesn’s offer much detail, it does suggest a focus on commercial catering solutions.

Financially, Massey Catering Equipment Limited presents a mixed picture. While cash reserves grew significantly by 58% to £2,000,000, debtors decreased by 33% to £730,000, suggesting potential issues with customer payments. Creditors increased slightly by 8.3% to £900,000, and net assets grew by 15% to £3,000,000. The number of employees increased by a remarkable 42% to seventeen, which could be a sign of expansion or increased workload. Intangible assets decreased by 9.1% to £500,000, and accumulated depreciation increased by 14% to £200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in employees and creditors should be monitored. As a small company, it’s exempt from an audit, so the financial information is unaudited.

Overall, Massey Catering Equipment Limited appears to be navigating a period of growth, but it’s important to keep an eye on its debtor management and the impact of increased staffing costs.

Registered in Northern Ireland under the registration number NI612998, with a registered address at BT67 0JE, Northern Ireland, Craigavon, County Down, 17b Maghaberry Road, Moira.

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