M H Joinery Products Limited

Mh Joinery Products Ltd from Bridgwater UK is a small, holding company with an active status. Founded 30 years ago in 1994, the company employs 85 people and operates from a real address at Unit 11 Parrett Way, Colley Lane Industrial Estate. It’s managed by five directors and has one owner. Google users rate it a perfect 5.0 based on four reviews, and the company is a regular importer of miscellaneous metal items, with recent activity recorded three months ago.

The company specializes in the manufacture of other builders' carpentry and joinery. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. While it’s a holding company, its primary operation involves timber windows, doors, and staircases. The company also operates a piano restoration division, 1066 Pianos, which has a showroom in Harrods and specializes in museum-grade restorations.

Financially, Mh Joinery Products Ltd shows some concerning trends. Accrued liabilities decreased by 27%, but cash bank on hand fell 24% to £140,000. Bank borrowings increased by nearly 40%, reaching £120,000, and net assets dropped by 4.2% to £890,000. Creditors decreased by 32%, which could indicate improved debt management. Director remuneration increased by 3.7% to £200,000. The company’s small size means it’s likely exempt from an audit, and the financial statements are unaudited.

The sharp decline in cash reserves and the rise in bank borrowings suggest the company might be burning through money, although the decrease in creditors is a positive sign. The dual nature of the business—joinery and piano restoration—could present both opportunities and challenges, requiring careful management to ensure both divisions are financially healthy.

Registered in England/Wales under the registration number 02956470, with a registered address at TA6 5LD, Bridgwater, Somerset, Unit 11 Parrett Way, Colley Lane Industrial Estate.

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