Mgt Europe Ltd

Mgt Europe Ltd is a small, active holding company based in Belfast, UK, founded just one year ago in September 2023. With two employees and £436,253 in assets, it operates from a real address shared by only one other company. The company has three directors and one owner, with the director list recently updated. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity occurring one month ago in September 2024. The company’s website reveals a specialized focus: bespoke surveillance and counter-surveillance electronics, catering to military and law enforcement agencies. It even has operations in the USA and Italy, alongside manufacturing in the UK.

The company’s core business involves designing and manufacturing these electronics, including advanced anti-drone systems, audio and video transmitters, and non-linear junction detectors. It also offers services like piano restoration, and even has a showroom in Harrods. The website highlights over 30 years of experience, a 100% guarantee on products, and a focus on user-friendly operation.

Financially, Mgt Europe Ltd shows a mixed picture. While current assets have increased significantly, to £440,000, equity has plummeted to £230,000, a decrease of 13,000%. Creditors have also increased substantially, to £210,000, and other taxation social security payable has skyrocketed by 1100%. Bank borrowings have also increased. Despite meeting two of three criteria for being a small company, the sharp decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

It seems Mgt Europe Ltd is facing some financial pressures, despite its specialized market and experience. Whether it can sustain its operations and expand its reach remains to be seen, but its focus on high-end surveillance technology suggests a potential for growth.

Registered in Northern Ireland under the registration number NI701332, with a registered address at BT1 1LU, Northern Ireland, Belfast, 3rd Floor 12-16 Bridge Street.

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