M D Woodtech Ltd

Md Woodtech Ltd, based in Tipton, UK, is a small, family-run business with an active status. Founded 16 years ago, the company employs five people and holds £91,348 in assets. It’s a real address with one director and two owners, and boasts a perfect 5.0 Google rating from five reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with its last import activity recorded one month ago.

The company’s website reveals a focus on canal boat joinery and woodworking. Established in 2006 by Marcus Day, Md Woodtech quickly gained a reputation for quality craftsmanship, now supplying some of the country’s largest boat builders and marinas. They specialize in bespoke products for narrowboats and boats, including porthole liners, window liners, and fitted interiors, utilizing both traditional joinery tools and CNC routers. The website also highlights their expertise in piano restoration, a separate venture with a showroom in Harrods.

Financially, Md Woodtech Ltd shows a mixed picture. Current assets decreased by 7.7% to £91,000, while net assets increased by 87% to £50,000. Bank borrowings decreased by 14% to £30,000, and cash reserves increased by 60% to £8,700. Trade debtors decreased by 9.6% to £80,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in trade debtors could indicate some payment issues. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Md Woodtech Ltd appears to be a stable, albeit small, business. While the financial numbers show some fluctuations, the company’s strong reputation and focus on niche markets suggest a solid foundation for continued success.

Registered in England/Wales under the registration number 06849280, with a registered address at DY4 9LG, England, Tipton, Unit 10 & 11 Princes End Industrial Park, Nicholls Road.

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