Midland Machinery Supplies Ltd

Midland Machinery Supplies Ltd from Bletchley UK: a small, active company founded twelve years ago, is facing some financial headwinds. With a single employee and £1,249,646 in assets, the business operates as a solo founder venture with two directors overseeing its activities. While the company regularly exports machinery, boilers, and mechanical appliances—with twelve months of export activity recorded—its import operations are more sporadic, showing just one month of activity in the last year.

The company’s website showcases a diverse range of machinery, from sheetfed presses to pallet lifts, suggesting a focus on supplying equipment for the printing and industrial sectors. It appears to be a parts supplier rather than an e-commerce platform, with a focus on listing available stock and contact information.

However, the company's financial situation is concerning. Net assets have plummeted by a staggering 2000%, leaving the company with a negative equity of £240,000. Bank borrowings have increased significantly by 32%, reaching £300,000, while cash reserves have dwindled to a mere £21. Creditors have also risen sharply by 120%, reaching £1,400,000. Despite these challenges, trade debtors have increased by 62%, potentially indicating a reliance on customer payments to maintain operations. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the dramatic equity decline and increased debt raise questions about its long-term viability. As a small company, it is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 08344726, with a registered address at MK1 1HW, England, Bletchley, Buckinghamshire, 5, Enigma Centre, Bilton Road.

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