Mev Limited

Mev Limited, based in Stockport, UK, is a small, active company established 31 years ago. With seven employees and £490,796 in assets, it operates from a real address and is overseen by two directors and two owners. The company regularly imports electrical machinery and equipment (7 months) and exports machinery, boilers, and mechanical appliances; parts (10 months). It’s a kit car manufacturer specializing in the Exocet, a lightweight sports car appealing to both road and track enthusiasts.

The company’s website highlights its community focus, with numerous events and a dedicated owners' club. It’s a collaborative and enthusiastic business, regularly showcasing its products at industry events like Autosport and the Kit Car Show. The Exocet is positioned as the “easiest to build and most affordable kit car in the world,” targeting those seeking a thrilling, customizable driving experience. The company also offers donor car options and prides itself on a responsive customer service.

Financially, Mev Limited presents a mixed picture. While cash bank on hand increased by a healthy 30% to £440,000, administrative expenses decreased by 12% to £68,000. However, net assets fell by 5.9% to £440,000, and operating profit loss declined significantly by 71% to £64,000. A notable increase in other interest receivable, up 290%, suggests potential investment income. The company's small size (meeting two of three criteria for a small company) helps it remain nimble, but the decrease in gross profit loss is a cause for concern. The company is exempt from an audit, so the financial information is unaudited.

Despite the downturn in profits, the increase in cash reserves and the company's focus on community engagement suggest it's holding its own. It’s a business built on passion and collaboration, and the Exocet's unique appeal could help it weather any financial headwinds.

Registered in England/Wales under the registration number 02862268, with a registered address at SK3 0XA, England, Stockport, Cheshire, S11 & 12 Building 67 Europa Business Park, Bird Hall Lane.

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