Mh Development Engineering Ltd.

Mh Development Engineering Ltd, based in Wroxton, UK, is a small holding company with an active status, having been founded ten years ago in 2014. The company employs seven people and holds £383,939 in assets. It has a real address and is managed by two directors and one owner. Mh Development Engineering is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import operation occurring over a year ago in September 2022.

The company's website showcases a focus on precision engineering and innovation, offering services ranging from design and manufacturing to testing and research. It caters to sectors including motorsport, automotive, aerospace, and defense, highlighting collaborations with high-profile clients like Haas F1 Team. The website emphasizes a team of highly skilled engineers and a commitment to delivering cutting-edge solutions. Matt Hill serves as Managing Director, and Amy Taylor as New Business Director, both readily contactable via email.

Financially, Mh Development Engineering Ltd has experienced some fluctuations. Current assets have decreased by 19%, falling to £380,000, while net assets have plummeted 30%, landing at £120,000. Bank borrowings have also decreased by 32%, now at £160,000. Creditors have increased by 18%, reaching £160,000, and cash reserves have fallen significantly by 55%, now standing at £57,000. It’s worth noting that the company’s small size—meeting two of three conditions to be considered small—helps it remain flexible. The company is exempt from an audit, and the financial statements are unaudited.

Overall, Mh Development Engineering Ltd seems to be navigating a period of change. While its engineering expertise and client base appear strong, the decline in assets and cash reserves suggests a need for careful financial management. The company's focus on high-value sectors and its skilled workforce could help it weather these challenges, but a close eye on its financial performance will be essential.

Registered in England/Wales under the registration number 09278203, with a registered address at OX15 6AY, United Kingdom, Wroxton, Unit 1 Apollo Office Park, Ironstone Lane.

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