Mayo Engineering Limited

Mayo Engineering Limited is a small, active company based in March, Cambridgeshire, UK, founded twenty-five years ago in March 2000. With just one employee and £576,902 in assets, it's a solo founder operation led by three directors. The company operates from a virtual address – sixty-one companies are registered at the same location – and is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts.

The company’s website doesn’t provide much detail, suggesting a business-to-business operation rather than direct consumer sales. It’s likely that Mayo Engineering Limited supplies parts and equipment to other businesses, rather than selling directly to the public.

Financially, Mayo Engineering Limited's numbers show some concerning trends. Accumulated amortisation impairment intangible assets have remained steady, but accumulated depreciation impairment property plant equipment has decreased, which could be due to asset disposals or revaluation. Average employees reported at September 30, 2023, has increased by 100%, from one to two, which is a positive sign of growth. Bank borrowings have decreased, and cash bank on hand has also decreased, suggesting the company is using its cash reserves to fund operations. Creditors have increased significantly, which could indicate a reliance on short-term financing or delayed payments from customers. Net assets have decreased, which is a worrying trend.

The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in net assets warrants closer attention. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Mayo Engineering Limited appears to be navigating a period of change, with growth in employees offset by financial pressures.

Registered in England/Wales under the registration number 03944798, with a registered address at PE15 0AX, United Kingdom, March, Cambridgeshire, Fenland House, 15b Hostmoor Avenue.

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