Midland Engineering Services Limited

Midland Engineering Services Ltd from Armadale UK: a small, active company founded 35 years ago, employs six people, and holds £760,352 in assets. It’s a family business with five directors and two owners, operating from a real address. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 37 months of import activity and 6 months of export activity.

The company’s website highlights its core business: rotary table repair services. Midland Engineering supports a wide range of brands, from Autocam to Zeatz, and even services fully integrated CNC machines. They offer refurbishment, reconditioning, and a range of new products, catering to both on-site call-outs and in-house rebuilds. The site also showcases a related venture in piano restoration, though the connection to the engineering side isn't explicitly stated.

Financially, Midland Engineering shows a mixed picture. Current assets have decreased by 22% to £760,000, while net assets have fallen by 2% to £270,000. Bank borrowings have increased by 7% to £260,000, and cash reserves have risen significantly by 120% to £19,000. Creditors have decreased by 56% to £48,000, suggesting improved 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 decline in equity is something to keep an eye on. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s increased cash reserves are a positive sign, but the decrease in net assets suggests that the business is burning through money. It's likely that the company is investing in its services and equipment to support its growing customer base.

Registered in Scotland under the registration number SC120669, with a registered address at EH48 2ND, United Kingdom, Armadale, West Lothian, Unit 20 & 21 Armadale Industrial Estate, Lower Bathville.

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