Megatech Limited

Megatech Limited is a small, holding company based in Cannock, UK, with an active status. Established 52 years ago in 1972, the company employs 14 people and holds assets worth £2,258,994. It operates from a real address and is overseen by five directors and one owner. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts—with 489 months of import activity and 61 months of export activity recorded.

The company's website, MegaTech Projects Ltd, focuses on designing, supplying, and installing Network Rail-approved modular platform systems. It specializes in the MegaTech EPS system, which is reportedly four times quicker to build than traditional methods and two to three times faster than steel solutions. The website highlights case studies from various locations, showcasing the system's application in platform construction and maintenance. It seems the company is focused on a very specific niche within the construction industry.

Financially, Megatech Limited presents a mixed picture. While current assets remained relatively stable at £2,300,000, net assets plummeted 73% to £16,000—a significant decline. Bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. 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 agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s increasing debt and decreasing equity are concerning, but the stable current assets suggest it’s still generating revenue. It’s possible that the company is investing heavily in new projects or facing temporary setbacks, but a closer look at its cash flow would be needed to fully understand the situation.

Registered in England/Wales under the registration number 01072252, with a registered address at WS12 4TS, Cannock, Staffordshire, Littleton Drive, Huntington.

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