Mathieson Ltd.

Mathieson Ltd from Glasgow UK: a small, active company founded 22 years ago, employs 10 people, and holds £783,474 in assets. It operates from a virtual address, managed by four directors and three owners, and is a family business with a stellar 5.0 Google rating based on 11 reviews. The company regularly imports electrical machinery and equipment, with 31 months of import activity recorded.

Mathieson Ltd’s website highlights its role as a supplier of welding equipment and services. Established in 1975, the company, now celebrating its 50th anniversary, serves the local manufacturing, construction, engineering, and welding community in the UK. They offer welding consumables, equipment, and gases, alongside a hire equipment fleet and repair services. The website emphasizes honest service and knowledgeable support, catering to a wide range of welding needs.

Financially, Mathieson Ltd presents a mixed picture. Current assets have decreased by 11%, dropping to £780,000, while net assets have fallen by 15%, settling at £630,000. Bank borrowings have seen a significant reduction of 16%, down to £25,000, and cash reserves have increased by 9.2% to £390,000. Creditors have also decreased by 16%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt as a small company.

Despite the decrease in current assets, the company’s cash position remains healthy. The reduction in bank borrowings is a positive sign, and the decrease in creditors suggests better financial control. While the company’s financial health appears stable, the decrease in net assets warrants further observation.

Registered in Scotland under the registration number SC240741, with a registered address at G3 7LH, Scotland, Glasgow, C/O Horizon Ca, 5 La Belle Place.

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