Mh Precision Products Limited

MH Engineering, based in Glenrothes, Fife, UK, is a small, active company founded twelve years ago. It employs just one person and holds £220,000 in property, plant, and equipment. With a real address and one director, the company maintains a 5.0 Google rating from a single review. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import operation occurring two months ago.

The company’s website highlights its expertise in precision engineering, offering CNC milling, turning, subcontract manufacturing, and prototyping services. It caters to businesses across Fife, Scotland, and the UK, and even collaborates with international partners. A significant portion of its capacity is dedicated to CNC milling, and it offers specialized services like machining ceramics and integrating self-play systems into pianos. It also supports research and development projects, working with universities and commercial companies.

Financially, MH Engineering presents a mixed picture. Cash reserves increased by 65%, reaching £47,000, while creditors rose by 59%, hitting £180,000. Loans from directors also increased significantly, reaching £180,000. Net assets decreased by 5.3%, settling at £86,000. Despite this, 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 it to remain flexible. The accounts are unaudited and were prepared by AAC Chartered Accountants, and the company is exempt from an audit.

While the increase in cash is positive, the rise in creditors and loans suggests the company is relying more on external financing. It's possible that increased investment in equipment or expansion of services contributed to these trends. The lack of employees, while keeping overhead low, could also limit growth potential.

Registered in England/Wales under the registration number 08312301, with a registered address at WF16 9JR, Heckmondwike, 16 Chapel Lane.

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