Midwest Precast Limited

Midwest Precast Ltd from Kingsbury, London, UK is a small, active company founded eight years ago. It holds £3,392,799 in assets and operates as a family business with two directors and two owners. The company is a regular importer of iron and steel, having imported for nine months, with the most recent import occurring in October 2024. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company operates in the specialised construction activities industries. Its website is currently unavailable, making it difficult to assess its online presence and e-commerce activities.

Financially, Midwest Precast Ltd shows some interesting trends. Accumulated depreciation on plant and machinery has increased by 68%, suggesting ongoing investment in equipment. Cash reserves have seen a significant boost, rising by 530% to £1,800,000—a positive sign. However, trade debtors have decreased by 26%, which could indicate slower customer payments. Creditors have also risen by 13%, and other creditors have increased dramatically by 1700%, which might be a temporary issue. The company's net assets have increased by 24%, and net current assets have also increased by 270%. The company's total assets less current liabilities have also increased by 24%.

The company's financial data suggests a period of investment and growth, but also highlights potential challenges in managing debt and collecting payments. The lack of an auditor mentioned likely reflects its status as a small company exempt from mandatory auditing. The company’s small size and family ownership structure likely contribute to its agility, but the financial figures warrant close monitoring.

Registered in England/Wales under the registration number 10389924, with a registered address at NW9 8TZ, United Kingdom, Kingsbury, London,, C/O Psb Accountants Ltd, Jubilee House, Townsend Lane,.

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