Midway Electronics Ltd

Midway Electronics Ltd from Chepstow, UK, is a small, active company founded fifteen years ago in 2009. With just three employees and £488,684 in assets, it’s a family business with two directors and two owners. It holds a perfect 5.0 Google rating based on one review, and operates from a real address in Wales. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

The company’s website details a range of services, positioning itself as a subcontractor and designer of precision machined components, electromechanical and electronic assemblies. They cater to various markets, including scientific and semiconductor industries, and offer services like mechanical components, control unit wiring, PCB assembly, and design services. The site also highlights their procurement expertise, allowing clients to leverage their purchasing power. They even have separate divisions for design, contract electronics, scientific instruments, and procurement, each with its own website.

Financially, Midway Electronics Ltd shows a mixed picture. Current assets increased by 29% to £490,000, while net assets grew by 18% to £460,000. Cash reserves saw a significant jump, increasing by 39% to £390,000. However, bank borrowings surged by 2,400%, reaching £29,000, and trade debtors increased by 2.1% to £82,000. Creditors decreased by 80% to £56,000, suggesting improved debt management. The company meets the criteria for a small business, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The company’s financial health appears stable, with growing assets and cash reserves. However, the substantial increase in bank borrowings warrants attention. The company’s diverse range of services and multiple divisions suggest a strategic effort to broaden its market reach and secure its future, but it’s a lot to manage.

Registered in England/Wales under the registration number 07021902, with a registered address at NP16 6LS, Wales, Chepstow, Dinwood Cottage, Shirenewton.

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