Meteor Communications (europe) Limited

Meteor Communications Europe Ltd, based in St Albans, UK, is a small, active company founded 39 years ago. With 18 employees and £4,189,948 in assets, it’s a well-established player. The company, owned by two individuals and overseen by four directors, maintains a real address and enjoys a stellar 5.0 Google rating from four reviews. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with its last import operation occurring over a year ago in August 9 2022.

The company’s website is unavailable, making it difficult to determine the full scope of its operations. However, the company operates in the manufacture of communication equipment, wireless telecommunications activities, and business and domestic software development. This suggests a diverse range of services, possibly catering to both consumer and business clients.

Financially, Meteor Communications Europe Ltd presents a mixed picture. While current assets have decreased by 16% to £4,200,000, fixed assets have dramatically increased by 270% to £4,800,000—a significant investment in property, plant, and equipment. Bank borrowings have surged by an astonishing 2,400% to £1,100,000, while cash reserves have fallen by 45% to £2,100,000. Creditors have also risen by 25% to £3,300,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the sharp decline in cash and increase in debt raise concerns. The company is exempt from an audit, so the figures are unaudited.

The surge in bank borrowings could indicate expansion plans or perhaps a need to cover operating losses. The increase in fixed assets suggests a significant investment in infrastructure, which could be a long-term strategy. Overall, Meteor Communications Europe Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 01995610, with a registered address at AL4 0JJ, England, St Albans, Hertfordshire, Orion House Alban Park, Hatfield Road.

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