Mechan Limited

Mechan Limited, based in Sheffield, UK, is a small holding company with an active status, established 56 years ago in 1969. Employing 20 people and holding assets of £2,927,619, it operates from a real address within the Davy Industrial Park. The company is overseen by four directors and has one owner. Mechan Limited regularly imports and exports optical and medical tools and devices, with 23 months of import activity and 5 months of export activity recorded.

The company’s website showcases a focus on machine safety products, specifically electronic RFID safety switches and related components. It designs, manufactures, and sells these products, catering to machine guarding applications. The company's history dates back to 1972, and it has developed a reputation as a leader in the industry, with products used worldwide. The website also highlights a division specializing in piano restoration, operating from Cambridge and even having a showroom in Harrods. This suggests a diversification of business interests beyond its core safety switch manufacturing.

Financially, Mechan Limited presents a mixed picture. Current assets have decreased by 3.8% to £2,900,000, while net assets have fallen by 3.5% to £980,000. Trade debtors have seen a significant drop of 41%, reaching £690,000, which could indicate improved collections or a shift in credit terms. Bank borrowings remain stable, and cash reserves have decreased slightly. Despite the decline in net assets, the company’s assets remain substantial. The lack of employees (20 reported) suggests a relatively lean operation, and, as a small company, it is exempt from an audit. The figures rely on unaudited director-reported data.

Overall, Mechan Limited appears to be navigating a period of change. While its core business remains active, the addition of the piano restoration division introduces a new layer of complexity. The company’s financial performance suggests a need for careful management, but its established reputation and diversified interests provide a solid foundation for future growth.

Registered in England/Wales under the registration number 00947728, with a registered address at S9 4EX, Sheffield, Building Number 5 Davy Industrial Park, Prince Of Wales Road.

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