Mattei On-vehicle Energy Ltd

Mattei On-Vehicle Energy Ltd from Camberley, UK, is a small holding company with an active status, having been founded 38 years ago in 1986. The company employs 26 people and holds £4,207,895 in assets, operating from a real address with three directors and one owner. It regularly imports machinery, boilers, and mechanical appliances, parts, with 21 months of import activity recorded, the latest in December 2024. The company also exports vehicles, parts, and accessories (excluding trains and trams), with four months of export activity.

The company’s website highlights its specialization in developing and manufacturing systems that utilize a vehicle’s engine to drive auxiliary equipment, delivering compressed air, electric and hydraulic power, and high-pressure water. It caters to various sectors including mobile tyre solutions, utility solutions, civil construction, and emergency services. The website gives the impression of a company focused on providing tailored power solutions rather than a high-volume e-commerce operation. There’s a clear emphasis on reliability and customer service.

Financially, Mattei On-Vehicle Energy Ltd’s recent performance shows a mixed picture. Accumulated depreciation has increased by 15%, which is not necessarily a bad sign but indicates ongoing investment in assets. Amounts owed to group undertakings have increased significantly by 130%, which could be due to increased reliance on parent company funding. Bank borrowings have decreased slightly, and cash reserves have plummeted by 75% – a concerning trend. Creditors have also risen by 53%, and the company has reported a substantial decrease in equity, with losses deepening. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s not subject to extensive auditing requirements, and the unaudited figures are reported by the directors. The company’s workforce has increased by 23%, suggesting a period of growth, but the declining cash reserves and increased debt raise questions about its financial health. The company’s auditor is Azets Audit Services.

Registered in England/Wales under the registration number 02079699, with a registered address at GU15 3DT, United Kingdom, Camberley, Surrey, Units 21 & 22 Admiralty Way.

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