Meters Uk Ltd

Meters Uk Ltd, based in Morecambe, UK, is a small, holding company with an active status. Founded 22 years ago in 2002, it employs six people and holds assets valued at £1,060,785. The company has a real registered address, is overseen by two directors, and has one owner. It regularly imports optical and medical tools and devices (33 months of import activity, latest in January 2025), but exports irregularly (just 2 months of activity, latest in October 2023).

The company operates within the other manufacturing n.e.c. industries, and its website, while not providing detailed information, suggests a focus on precision engineering and related services. There's no obvious e-commerce presence, indicating a business-to-business model rather than direct consumer sales.

Financially, Meters Uk Ltd presents a mixed picture. Current assets have decreased by 12% to £1,100,000, while net assets remained stable at £1,200,000. Cash bank on hand has fallen by a significant 39% to £95,000. Bank borrowings have increased dramatically, rising by 33%, reaching £470,000. Creditors have increased by a substantial 280%, reaching £140,000, and trade debtors have also increased by 84%, reaching £99,000. 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 debt and decrease in cash reserves may indicate tighter financial conditions. As a small company, it is exempt from an audit, and the financial statements are unaudited. The increase in debt could be related to investments in equipment or expansion of operations, but it warrants closer monitoring.

Registered in England/Wales under the registration number 04454106, with a registered address at LA3 3BT, England, Morecambe, Meters Uk Ltd Whitegate, White Lund Industrial Estate.

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