Medley Precision Engineers Ltd

Medley Precision Engineers Ltd from Mansfield UK: a small, family-owned business, active since its founding 24 years ago in 2000. With 27 employees and £1,678,423 in assets, it’s a solid operation. Two directors and two owners manage the company, which boasts a perfect 5.0 Google rating from five reviews. They are an irregular importer, mainly bringing in basic metal tools and utensils, with the last import occurring in August 2024.

The company’s website reveals it’s a CNC subcontract business, providing precision machined components to a diverse customer base. They operate from Oakham Business Park in Mansfield and are close to major transport links, including the M1 motorway and East Midlands Airport. They emphasize financial security, experience, and a total site quality management system to AS9100 standards. The website showcases a wide range of equipment, including CNC lathes and milling machines, and highlights their work in industries like oil and gas.

Financially, Medley Precision Engineers Ltd demonstrates a mixed picture. Cash bank has doubled to £890,000, a positive sign, but trade debtors have also increased significantly, reaching £770,000—suggesting customers are taking longer to pay. Creditors have risen sharply, too, reaching £1 million, which could indicate increased borrowing or supplier costs. Equity has grown to £1.7 million, a good indicator of overall financial health. Despite a decrease in total inventories, the company’s net assets have increased by 38%. As a small company, it is exempt from an audit, so the financial statements are unaudited. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debt warrants monitoring.

Registered in England/Wales under the registration number 04099311, with a registered address at NG18 5BU, Mansfield, Nottinghamshire, 20 Hamilton Way Oakham Business Park.

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