Michael's Enterprises Ltd

Michael's Enterprises Ltd, based in Manchester, UK, is a small, active company founded eight years ago in 2016. With twelve employees and £394,626 in assets, it's a solo-founded operation managed by a single director and owner, Michael Thasos. The company’s real address is registered at 73 Winstanley Road, and it’s a regular importer of paper and paperboard products, with three months of import activity recorded as of February 2025.

The company's website reveals a specialized manufacturing business: silicone rubber heaters. Michaels Enterprises, Inc. produces custom-designed silicone rubber heaters and blankets for a variety of industries, including aerospace, medical, and food processing. They offer custom engineering design assistance, quality assurance, and even offer same-day quotes and short delivery times—as short as two weeks for standard sizes. The website emphasizes its 20+ years of manufacturing experience and even boasts a no-setup-charge policy for design work.

Financially, Michael’s Enterprises Ltd presents a mixed picture. While cash reserves increased by a healthy 73% to £340,000, net assets also grew by 28% to £210,000. However, bank borrowings have decreased significantly, dropping by 52% to £9,300. Trade debtors have increased dramatically, rising by 3,100% to £44,000, which could indicate a shift in payment terms or increased sales on credit. Liabilities to other related parties have plummeted, dropping by a staggering -3100% to -£130,000, a change that warrants further investigation. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the significant increase in debtors suggests a potential cash flow challenge. As a small company, it’s exempt from an audit, so these figures are unaudited.

Overall, Michael’s Enterprises Ltd seems to be navigating a period of growth, but the increase in debtors needs to be monitored closely. The company’s specialized manufacturing focus and commitment to custom design services appear to be key differentiators in a competitive market.

Registered in England/Wales under the registration number 10350890, with a registered address at M40 7WJ, England, Manchester, 73 Winstanley Road.

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