Midway Manufacturing Ltd

Midway Manufacturing Ltd from Stoke-On-Trent UK is a small, active company founded nine years ago. With 32 employees and £1,000,501 in assets, it’s a family business boasting a perfect 5.0 Google rating from a single review. The company operates from a real address and is managed by two directors and two owners. It regularly imports electrical machinery and equipment (four months) and exports optical and medical tools and devices (nine months). The company operates in the manufacture of electronic components industries.

Midway Manufacturing’s website details a diverse range of services, from precision engineering and electro-mechanical assembly to PCB assembly and design services. It functions as a subcontractor and designer, catering to businesses seeking to supplement their capacity or looking for cost-effective solutions. The site highlights its ability to manufacture mechanical subassemblies, cable assemblies, and wiring, and even offers prototyping and design services. Client testimonials praise Midway’s responsiveness, flexibility, and cost-effectiveness, with one client stating they provided a “very responsive, very flexible and cost effective outsourcing solution.”

Financially, Midway Manufacturing Ltd presents a mixed picture. Current assets have decreased by 16% to £1,000,000, while net assets have also dropped by 3.6% to £790,000. Cash reserves have taken a significant hit, falling 55% to £200,000. Trade debtors have increased by 4.3% to £540,000, suggesting a possible shift in payment terms. The company’s small size (meeting two of three conditions for being considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows it to remain agile. The unaudited financial statements, prepared in compliance with Section 1A of FRS 102, don't mention an auditor.

The significant drop in cash reserves and the increase in debtors warrant further investigation, but the company’s strong client testimonials and diverse service offerings suggest it’s navigating these challenges effectively.

Registered in England/Wales under the registration number 09951134, with a registered address at ST3 1HZ, England, Stoke-On-Trent, Atlas Works, Sutherland Road.

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