Mep Ltd

Mep Ltd, based in Aylesford, UK, is a small, family-run business with an active trading status. Established 48 years ago in 1976, it employs 40 people and holds assets worth £2,741,345. With a real address and three directors, the company is led by a solo founder. Mep Ltd regularly imports aluminum and aluminum products (9 months of imports) and exports electrical machinery and equipment (40 months of exports).

The company's website showcases its expertise as an engineering specialist, servicing sectors like aerospace, defense, space, and medical. It offers a range of services, including moulding, machining, insulation, and assembly, catering to clients seeking engineering excellence and resilient supply chain solutions. A dedicated team of experts, including Phil and Sue Hart, leads the company, supported by a robust quality assurance system and partnerships with key suppliers. The website also highlights its commitment to innovation and continuous improvement.

Financially, Mep Ltd presents a mixed picture. While current assets increased by 13% to £2,700,000, net assets also rose by 4.6% to £2,200,000. Bank borrowings decreased by 37% to £29,000, and cash reserves fell 63% to £150,000. Trade creditors increased by 140% to £34,000, which could be a result of increased business activity. 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 decrease in cash reserves warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Mep Ltd appears to be a well-established engineering firm with a strong focus on customer service and innovation, but it’s facing some financial pressures.

Registered in England/Wales under the registration number 01278360, with a registered address at ME20 7BU, Aylesford, Kent, Unit Bb, St Michaels Close, The Forstal Estate.

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