Mg Engineering Ltd

Mg Engineering Ltd, based in Flint, UK, is a small, active company established 33 years ago. With 31 employees and £2,427,602 in assets, it’s a well-established player in its field. The company, owned by Greaves Adam, has two directors and operates from a real address at Unit 14 Manor Industrial Estate. It’s been importing machinery, boilers, and mechanical appliances (parts) for six months, and exporting them for a substantial 138 months, indicating a long-standing presence in international trade.

The company’s website isn't available, so it's difficult to determine if they operate an e-commerce platform. However, they are described as operating in the other specialised construction activities n.e.c. industries.

Financially, Mg Engineering Ltd shows a mixed picture. Cash bank on hand has decreased by 9.4% to £1,500,000, while debtors have increased significantly by 22% to £890,000. Creditors have also risen by 8% to £270,000. Accumlated depreciation has increased by 2.8% to £440,000. The company’s small size—meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—helps it remain agile. However, the increase in debtors suggests potential issues with customer payments, and the decrease in cash reserves could be a concern. The company’s accounts are unaudited, which is common for small entities, and the company has not claimed exemption from reporting disclosure related party transactions. The company’s financial statements are prepared in accordance with Financial Reporting Standard 102.

Registered in England/Wales under the registration number 02678610, with a registered address at CH6 5UY, Flint, Flintshire, Unit 14 Manor Industrial Estate.

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