Midwest Machinery Ltd

Midwest Machinery Ltd from Lancs UK: small company, active status, founded 13 years ago, 4 employees, £1,318,500 assets, virtual address, 1 director, 1 owner, solo founder. Regular importer of machinery, boilers, and mechanical appliances; parts (205 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (8 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft industries.

Midwest Machinery Ltd’s website reveals a broader scope than initially apparent. While the core business appears to be providing asset finance and related services, the site details a comprehensive suite of financial solutions for businesses. It’s not an e-commerce site in the traditional sense; instead, it acts as a marketplace connecting businesses with a panel of over 150 lenders. The site showcases various services, including asset finance, invoice finance, business loans, and even development bridging – catering to a wide range of business needs. They actively partner with both suppliers and professional introducers, suggesting a multi-faceted approach to business development.

Financially, Midwest Machinery Ltd presents a mixed picture. While assets remain stable at £1,318,500, bank borrowings increased significantly by 20%, reaching £560,000. Cash reserves, however, jumped a remarkable 450%, settling at £230,000—a positive sign of improved liquidity. Trade debtors increased by 4.3% to £920,000, which could indicate expanding sales, but also potential payment delays. The number of employees rose sharply from 4 to 7, suggesting growth and increased operational demands. Creditors decreased by 7%, which is good. The company’s small size helps it stay nimble, but the increase in borrowings warrants attention. There’s no mention of an auditor, likely due to its small company status. The company’s accounts are unaudited.

Registered in England/Wales under the registration number 07929432, with a registered address at OL7 0NT, Lancs, 277 Stockport Road, Guide Bridge Ashton -U-Lyne.

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