Matts Monitors Limited

Matts Monitors Ltd from Cheltenham UK: a small, active company founded eleven years ago, employs six people, and holds £644,528 in assets. It operates from a virtual address, managed by two directors and one owner. The company regularly imports optical and medical tools and devices – nineteen months of activity recorded – and has sporadically exported electrical machinery and equipment, with just one month of export activity as of April 2019.

The company’s website is not available, making it difficult to determine the exact nature of its operations beyond the import/export activity. It appears to be involved in the repair of machinery, a detail gleaned from its company description.

Financially, Matts Monitors Ltd presents a mixed picture. Current assets have fallen by 24% to £640,000, while net assets have declined by 12% to £370,000. Bank borrowings have increased significantly by 180%, reaching £59,000, and cash reserves have plummeted 100% to a mere £230. Creditors have decreased by 31%, which could indicate improved debt management. The company qualifies as small, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant drop in cash reserves, however, raises concerns about its ability to meet short-term obligations. No auditor is mentioned, likely due to its small size and exemption from an audit. The decrease in trade debtors by 42% could suggest a more efficient collection process, or perhaps a reduction in sales.

Registered in England/Wales under the registration number 08501849, with a registered address at GL52 6HS, United Kingdom, Cheltenham, Gloucestershire, 1 Court Mews London Road, Charlton Kings.

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