Materials Engineering & Testing Ltd

Materials Engineering & Testing Ltd, based in Worcester, UK, is a small, active company founded eleven years ago in 2014. With eight employees and £424,670 in assets, it’s a family business led by one director and two owners. The company regularly imports optical and medical tools and devices, with the last import operation occurring in March 2024. It operates from a real address at Unit 72 Blackpole Trading Estate West.

The company's core business revolves around providing engineering-related scientific and technical consulting activities, as well as technical testing and analysis. It’s a relatively small operation, meeting two of three conditions to be considered small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Their website is currently unavailable, so it's unclear if they engage in e-commerce.

Financially, Materials Engineering & Testing Ltd shows some concerning trends. While current assets increased by 70% to £420,000, net assets jumped a significant 89% to £240,000. However, bank borrowings increased by a substantial 48% to £11,000, and cash reserves plummeted 84% to just £10,000. Creditors also increased by 53% to £230,000, suggesting a reliance on credit. The company’s financial statements are unaudited, as it is exempt from an audit due to its small size. The company’s director signing the financial statements is M McMillan.

Overall, Materials Engineering & Testing Ltd seems to be growing, but the decrease in cash reserves and increase in creditors suggest it’s burning through money faster than it’s bringing it in. Whether this is a temporary issue or a longer-term challenge remains to be seen, but the company's lean structure and family ownership could help it navigate these pressures.

Registered in England/Wales under the registration number 09013865, with a registered address at WR3 8TJ, England, Worcester, Unit 72 Blackpole Trading Estate West.

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