Mcmenon Engineering Services Limited

Mcmenon Engineering Services Ltd, based in Aberdeen, UK, is a sizable company with a holding structure, currently active after being founded seven years ago in 2017. Employing 59 people, it holds £4,843,999 in assets and generates £7,770,272 in yearly revenue. Despite a virtual address shared by 420 other companies, it operates with two directors and two owners, boasting a respectable Google rating of 4.0 based on 15 reviews. The company regularly imports and exports optical and medical tools and devices, with 113 months of import activity and 326 months of export activity.

Mcmenon Engineering Services is primarily involved in the manufacture of tools, offering a wide range of flow and temperature measurement instruments. Its website details a comprehensive suite of products, including orifice plates, flow nozzles, ultrasonic meters, and variable area flow meters, catering to diverse industries. Beyond manufacturing, the company provides contract manufacturing, fabrication, pipework, and machining services. Recent news highlights include a multimillion-dollar order from a US client and recognition at various business awards.

Financially, Mcmenon shows a mixed picture. While turnover increased by a healthy 42%, net assets decreased by 15% to £3,000,000. Bank borrowings increased by 10%, reaching £300,000, and cash reserves fell by 17% to £1,100,000. Creditors decreased by 10%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the equity decline warrants attention. The company’s accounts are unaudited, relying on director-reported data.

Overall, Mcmenon Engineering Services appears to be a well-established player in its niche, but the financial trends suggest potential challenges ahead. The company’s focus on precision measurement and its global reach position it for continued success, but careful financial management will be crucial.

Registered in Scotland under the registration number SC575305, with a registered address at AB10 1UT, Scotland, Aberdeen, 5 Carden Place.

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