Matparts Ltd

Matparts Ltd from Bacup UK: a small, active company founded 18 years ago, employs six people, and has a real address. It’s managed by two directors and one owner. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts – 191 months of imports and 154 months of exports recorded. 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 business operates in the other retail sale not in stores, stalls or markets industries. Its website, Matparts Ltd, is a retail site selling machine parts. The company’s core business involves the sale of machine parts. It’s a tight-knit operation.

Financially, Matparts Ltd shows a mixed picture. Cash bank on hand dropped by 43% to £470,000. Creditors increased by 6.8% to £330,000, while debtors surged by 220% to £420,000. Equity declined by 9.8% to £640,000. Finished goods for resale decreased by 21% to £100,000. Fixed assets increased by 3.2% to £58,000. The company’s small size helps it stay agile, but the equity drop raises questions. The accounts are unaudited, and no auditor is mentioned. The company also has dealings with related parties, including sales to and purchases from MPT Group Mattress Machinery Ltd, rent payments to Castomar Properties Ltd, and consultancy fees paid to Dielex Limited. It's a bit confusing.

In short, Matparts Ltd is holding steady but facing pressures. The company’s small size and family ownership are strengths, but the financial trends suggest a need for careful management.

Registered in England/Wales under the registration number 05983623, with a registered address at OL13 9RW, Bacup, Lancashire, Newline Industrial Estate, The Sidings.

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