Micro Can Limited

Micro Can Limited, based in Bolton, UK, is a small holding company with an active status, founded eight years ago in 2017. The company employs thirteen people and holds £1,986,513 in assets. It has a real registered address and is managed by one director and one owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with six months of import activity, and exports the same items, with seventy-four months of export activity.

The company’s website, Micromagnetics Ltd, showcases a wide range of promotional magnets, from acrylic shapes to vehicle exterior grade magnets. It’s clear they cater to businesses looking for custom magnets for retail, promotional events, or vehicle branding. The site highlights a diverse product catalog and even offers bespoke shape design services. It seems like a well-established operation, with a focus on quality and customer service, and a team of ten people.

Financially, Micro Can Limited presents a mixed picture. Current assets increased by a modest 3.5% to £2,000,000, while net assets grew by 30% to £390,000. However, trade debtors decreased by a significant 24%, suggesting potential issues with collecting payments from customers. Bank borrowings remained stable, and cash reserves increased by 8.9% to £550,000. Creditors decreased slightly, indicating better debt management. 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 for agility, but the decrease in debtors is something to keep an eye on. The accounts are unaudited, which is typical for a small company.

Overall, Micro Can Limited appears to be a stable and well-managed company, though the decrease in debtors warrants further investigation. The company’s focus on custom magnets and its established online presence suggest a promising future, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 10727735, with a registered address at BL2 6RT, England, Bolton, Unit 42 Bradley Court, Bradley Fold Trading Estate.

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