Megafab Ltd

Megafab Ltd from Glasgow UK: a small, active company founded nine years ago, employs seven people, and holds £601,876 in assets. It has a real address, one director, and one owner, and enjoys a perfect 5.0 Google rating based on 22 reviews. The company is a regular importer of plastics and plastic products, with seven months of import activity recorded.

The company’s website, tipsybin.ie, focuses on meal bins and feed bins for farms and gardens, marketed under the brand “TipsyBin.” It’s clear the business operates in the agricultural and horticultural sectors, offering construction and innovation products. The site highlights farm and garden solutions, with a focus on product categories for both sectors. Contact information is provided, including phone number and mailbox address. The website also features information about the company’s family ownership, innovative design and manufacturing focus, and commitment to customer service. A cookie statement and privacy policy are also present, produced by WDI.

Financially, Megafab Ltd presents a mixed picture. Cash bank on hand has increased dramatically by 820%, reaching £62,000—a positive sign. However, creditors have also increased, with those due within one year rising by 20% to £350,000. Current assets have increased by 21% to £600,000, while debtors have risen by 12% to £410,000. Equity has also increased by 6.6% to £290,000. Despite the growth in assets, the increase in creditors suggests the company may be relying on short-term borrowing to fund its operations. 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 increase in borrowing warrants close monitoring. The accounts are abridged and unaudited, and no auditor is mentioned, which is typical for small companies.

Registered in Scotland under the registration number SC524738, with a registered address at EH7 9HR, Edinburgh, SC524738 - COMPANIES HOUSE DEFAULT ADDRESS.

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