Midac Uk Ltd

Midac Uk Ltd from Oswestry UK is a large, active company founded thirteen years ago. Employing fifty-seven people, it holds £10,477,627 in assets and operates from a real address. While boasting a Google rating of 4.0 based on seven reviews, the company has no reported owners, and is led by one director. Midac Uk Ltd is a regular importer and exporter of electrical machinery and equipment, having imported for 104 months and exported for 21 months.

The company’s website suggests it operates in the wholesale trade of motor vehicle parts and accessories. There's no obvious e-commerce presence, indicating a business-to-business model rather than direct sales to consumers.

Financially, Midac Uk Ltd appears to be navigating some challenges. While cash bank on hand increased dramatically by 1000%, rising to £390,000, several key indicators show declines. Accrued liabilities deferred income dropped by 20%, and accumulated amortisation impairment intangible assets increased by 100%. Fixed assets decreased by 32%, and net assets fell by 5.8%. Despite these declines, the company’s administrative expenses decreased by 4.4%. The company’s bank borrowings decreased by 5.7%. The company’s revenue increased by 170%.

The company’s debt increased, and its cash reserves fell, which could indicate a period of investment or expansion. The lack of a mentioned auditor suggests that the company is exempt from mandatory auditing, and the financial statements are unaudited. It’s possible that the company is burning through cash to fuel growth, but it’s also possible that external factors are impacting its financial performance. The company’s director remuneration decreased by 59%, which could be a cost-saving measure or a reflection of changing business priorities.

Registered in England/Wales under the registration number 07914089, with a registered address at SY10 8RA, Oswestry, Shropshire, 15 Radfords Field, Maesbury Road.

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