Mcmillans Engineering Limited

McMillans Engineering Limited is a small, active holding company based in Bishop's Stortford, UK, established twelve years ago in 2012. With four employees and £538,238 in assets, the company operates from a real address shared by only one other business. Two directors and one owner oversee the operations, with Blue Group Collective Ltd owning the company. The company’s core business revolves around the repair of machinery, and it’s a specialist in sidelifters, providing high-quality, independent service for all commercial vehicles.

The company is a regular importer, bringing in vehicles, parts, and accessories (excluding trains and trams) for seven months, with the latest import occurring in February 2025. It also exports these items, though less frequently, with two months of export activity, the last in December 2021. The company’s website highlights its services, including engineering, fabrication, line boring, and MOT testing, catering to a wide range of commercial vehicle maintenance needs.

Financially, McMillans Engineering Limited presents a mixed picture. Current assets have increased by 15% to £540,000, while net assets have grown by 19% to £510,000. However, bank borrowings have increased significantly, rising by 2,400% to £34,000, and cash reserves have decreased by 81% to £22,000. Trade debtors have also risen considerably, up 43% to £120,000. 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 drop in cash reserves and increase in debt warrants attention. As a small company, the financial statements are unaudited, relying on director-reported data. The company’s focus on specialized sidelifter services and a strong online presence suggest a commitment to niche expertise, but the financial pressures indicate a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 08138632, with a registered address at CM22 6PL, England, Bishop's Stortford, High House Farm, Mill End.

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