Mayfive Equipment Limited

Mayfive Equipment Ltd from Ruthin UK is a small, active company established 32 years ago, in 1992. It employs just three people and holds assets valued at £529,740. The company, with a real address and three directors, is owned by Griffiths Alwen Lloyd, and enjoys a perfect 5.0 Google rating from two reviews. Mayfive Equipment is a regular importer of machinery, boilers, and mechanical appliances, parts, with the latest import activity recorded in December 2024.

The company's website highlights its focus on trenching equipment, supplying systems for construction equipment. It caters to businesses like Wales West Utilities and British Telecom, emphasizing experienced sales personnel and customer service. The site also reveals a division specializing in piano restoration, a surprising diversification from its core trenching business.

Financially, Mayfive Equipment shows a mixed picture. Current assets decreased by 13% to £530,000, while bank borrowings increased by 41% to £310,000. Cash reserves also dropped by 41%, and creditors decreased by 42%. Despite a drop in equity, the company's small size (meeting two of three criteria for small company status) allows for agility. Disposals of plant machinery were consistent at £14,000. With no auditor mentioned, the financial statements are unaudited.

Overall, Mayfive Equipment appears to be navigating a period of change, with a focus on maintaining its reputation for quality service and exploring new avenues for growth. The company's long history and diverse offerings suggest resilience, but the financial data indicates a need for careful management.

Registered in England/Wales under the registration number 02747982, with a registered address at LL15 1NJ, Ruthin, Clwyd, Unit 17a Ffordd Helyg, Lon Parcwr Industrial Estate.

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