Mde Machinery Limited

Mde Machinery Ltd, based in Armagh, UK, is a small, active company founded seven years ago. With ten employees and £731,748 in assets, it operates from a real address and is managed by two directors and two owners. The company is an irregular importer of machinery, boilers, and mechanical appliances, parts (imported for one month), but a regular exporter of the same (exported for five months). It operates in the manufacture of lifting and handling equipment industries.

The company’s website showcases a range of attachments for forestry and agricultural machinery, including tree shears, silage forks, and buckets. It caters to excavators, wheeled loaders, telehandlers, skid steers, and tractor linkages, with a focus on efficient material handling. The site highlights the company's commitment to British craftsmanship and family ownership, emphasizing quality and competitive pricing.

Financially, Mde Machinery Ltd shows some interesting trends. While fixed assets have increased significantly by 110%, reaching £590,000, current assets have decreased by 18% to £730,000. Cash bank on hand has also fallen by 43% to £100,000. Debtors have seen a dramatic drop of 47%, which could indicate improved collections, but creditors have risen by 54%, suggesting increased short-term obligations. Equity has increased by 42% to £580,000, which is a positive sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, likely due to its small size.

Overall, Mde Machinery Ltd appears to be navigating a period of change. The growth in fixed assets suggests investment in its manufacturing capabilities, while the fluctuations in current assets and liabilities indicate some financial pressures. It's a small, family-run business that’s likely to be adaptable, but the increased debt levels warrant close monitoring.

Registered in Northern Ireland under the registration number NI647385, with a registered address at BT60 2BJ, Northern Ireland, Armagh, 110 Seagahan Road, Collone.

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