Mid-tech Air Products Limited

Mid-Tech Air Products Ltd, based in Staines-Upon-Thames, UK, is a small, active company founded fifteen years ago. With seven employees and £1,113,230 in assets, it operates from a virtual address – a point worth noting as 161 companies are registered at the same location. The business is run by two directors and one owner, Anderson Graeme. It’s an irregular importer of machinery parts but a regular exporter of similar items, having exported for sixty months.

The company specializes in the wholesale of other machinery and equipment, supplying air compressors, air dryers, filters, vacuum pumps, and blowers. Its website, MidTech Air Products, is primarily an e-commerce platform, showcasing a wide range of products and emphasizing genuine parts and expert service. It even offers specialist services like vacuum pump repair and compressed air treatment.

Financially, Mid-Tech Air Products Ltd shows some interesting trends. Cash bank on hand increased significantly, jumping 100% to £680,000, which is good news. However, accrued liabilities and deferred income also increased substantially, rising 350% to £440,000. This could indicate increased short-term debt obligations. Trade debtors increased by 33%, reaching £410,000, suggesting customers are taking longer to pay. On the positive side, creditors decreased by 18%, which could be a sign of improved debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. With no auditor mentioned, the financial statements are unaudited.

The significant increase in liabilities, while offset by a rise in cash, suggests the company might be burning through money a little faster than it's bringing it in, though this could be a temporary situation due to increased sales or investments. The continued growth in debtors, however, is something to keep an eye on.

Registered in England/Wales under the registration number 06964243, with a registered address at WS12 2DB, England, Cannock, Point South - C/O Business Partners Park Plaza, Heath Hayes.

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