Metway Electrical Industries Limited

Metway Electrical Industries Ltd, based in Portslade, UK, is a small, holding company with an active status, celebrating 82 years in business. Employing 30 people and holding assets of £5,019,289, the company operates from a real address and is managed by six directors and one owner. Its Google rating stands at a perfect 5.0 based on one review. Metway regularly imports and exports electrical machinery and equipment, with 227 months of import activity and 204 months of export activity recorded.

The company's website reveals a focus on connector, lighting control, and wiring solutions for the electrical and electronic industry. Metway aims to provide high-quality, competitive products backed by strong service and technical support. The site showcases a range of products, including prefabricated wiring systems and lighting controls, and highlights new products like the MCC10D lighting control module and the LCS75PRO connectors. The website also features project case studies, demonstrating the company’s involvement in various installations across the UK and Dubai.

Financially, Metway Electrical Industries Ltd shows a mixed picture. Cash bank on hand increased by 27%, reaching £2.6 million, while total assets grew by 6.3% to £5 million. However, net assets increased only 3.8% to £3.8 million. Trade debtors decreased by 7.6%, suggesting improved collection efforts, but creditors increased by 40% to £960,000, which could indicate increased reliance on credit. 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 creditors warrants further attention. The unaudited financial statements, exempt from audit due to its small size, rely on director-reported data. The company’s financial instruments have also seen some changes, with accrued liabilities decreasing and derivative liabilities appearing for the first time.

Registered in England/Wales under the registration number 00378992, with a registered address at BN41 1DG, Portslade,, Brighton, Barrie House,, 18 North Street,.

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