Mid-tech (compressed Air) Limited

Mid-Tech Compressed Air Ltd, based in Nuneaton, UK, is a small, active company founded twelve years ago. With twelve employees and £412,354 in assets, it’s a well-established player in its niche. The company, owned and directed by Kelly-edwards James Hugh Fitzroy and Searle Michael, boasts a perfect 5.0 Google rating from three reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import operation occurring in April 2022.

Mid-Tech specializes in the sale of compressed air systems and vacuum pumps, acting as an authorized distributor for leading brands like CompAir, Hydrovane, and Gardner Denver. Their website highlights a comprehensive range of products and services, from compressor sales and repairs to air audits and warranty support. The company caters to diverse industrial needs, offering solutions for everything from small portable units to large-scale industrial requirements. They even offer pre-owned equipment, a nice touch.

Financially, Mid-Tech’s recent performance shows some mixed signals. Current assets have decreased by 15% to £410,000, while net assets have dropped 25% to £180,000. Bank borrowings have increased, and cash reserves have fallen, suggesting a tighter financial situation. However, creditors have also decreased, indicating improved debt management. The company meets the criteria for a small business—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—which allows for flexibility. The unaudited financial statements, as is common for small companies, rely on director-reported data.

While the company’s Google rating is excellent, the recent financial trends warrant a closer look. It’s possible that the irregular import activity and the fluctuating asset values are linked, or perhaps the company is investing in growth. Either way, Mid-Tech Compressed Air Ltd appears to be navigating a period of change.

Registered in England/Wales under the registration number 08114634, with a registered address at CV11 5TW, England, Nuneaton, 33 Coton Road.

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