Midland Power Press Services Limited

Midland Power Press Services Ltd from Tipton UK: a small, active company founded 35 years ago, employs 19 people, and holds £465,076 in assets. With a real address and six directors overseeing operations, the business is owned by two individuals, boasting a perfect 5.0 Google rating from five reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, with parts imported regularly over the last three months.

The company’s website reveals a specialist in mechanical power press repairs, spares, inspection, and upgrades. It serves as a UK sales service agent for the SIMPAC range, offering services from on-site maintenance to machine relocation and even CAD design. It’s clear they are a full-service provider for power press equipment, working with a range of press types and tonnage. They even have a partnership with Simpac Presses, indicating a focus on high-quality equipment and service.

Financially, Midland Power Press Services Ltd shows some interesting trends. Current assets decreased by 17% to £470,000, while net assets also fell by 1.6% to £520,000. Bank borrowings decreased by 7.1% to £29,000, and cash reserves vanished entirely. Creditors decreased by 15%, suggesting better debt management, but the lack of cash is a concern. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, so the financial statements are unaudited.

Overall, Midland Power Press Services Ltd appears to be a well-established business with a strong reputation, but the drop in cash reserves warrants closer attention. It's likely the company is investing in its business, but monitoring its cash flow will be crucial for its continued success.

Registered in England/Wales under the registration number 02407284, with a registered address at DY4 9JA, Tipton, West Midlands, Unit 2 High Street, Princes End.

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