Mg Industries Limited

Mg Industries Limited, based in Barnsley, UK, is a small, active company established 21 years ago. With 16 employees and £995,862 in assets, it’s a family-run operation led by two directors and a solo founder. The company’s core business revolves around importing and exporting machinery, boilers, and mechanical appliances—parts, with 38 months of import activity and 23 months of export activity recorded. It operates from a real address, with only one other company registered at the same location.

The company’s website reveals a fascinating dual identity. While officially a manufacturer of mini rice plants and dal mill machines, its online presence showcases a diverse range of industrial machinery, from paddy huskers to grading machines and feed mixers. The site emphasizes competitive pricing and caters to a broad customer base across Punjab, India. It's a family business, and the website shows a strong focus on providing quality equipment and customer support.

Financially, Mg Industries Limited presents a mixed picture. Current assets decreased by 7.8% to £1,000,000, while net assets increased by 8.6% to £1,300,000. Bank borrowings have increased, and cash reserves have grown by 21% to £430,000. Trade debtors decreased by 28%, suggesting improved collection practices, but creditors have increased by 26%. 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 decrease in net current assets—down 14%—raises questions about short-term liquidity. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Mg Industries Limited appears to be navigating a competitive market with a diversified product range. While the financials show some challenges, the company’s long-standing presence and focus on customer service suggest a resilient business model.

Registered in England/Wales under the registration number 04934196, with a registered address at S72 7BF, Barnsley, South Yorkshire, Unit B9 Grove Park, Springvale Road Grimethorpe.

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