Mikron Engineering Limited

Mikron Engineering Ltd from Cannock UK is a small, active company founded 40 years ago. With five employees and £65,785 in assets, it’s a well-established, family-run business overseen by three directors and two owners. The company operates from a real address and regularly imports vehicles, parts, and accessories (excluding trains or trams), with 18 months of import activity recorded, the latest in February 3rd 2024.

The company’s website highlights its precision engineering services, catering to industries like electronics, food processing, and sheet metals. It seems to be a B2B operation, offering machining services and supplying machined parts to various manufacturing industries. Micron Engineering Ltd also has a presence in Ireland, operating from an industrial estate in Dundalk, Co. Louth, with a phone number and fax. The website suggests a focus on quality and long-term competitive advantages for its clients, emphasizing reliability and expertise.

Financially, Mikron Engineering Ltd’s recent performance shows some concerning trends. Current assets have decreased by 18% to £66,000, while net assets have plummeted a whopping 88% to just £1,600. Cash reserves have also fallen significantly, dropping 61% to £20,000. Creditors have increased slightly, rising 5.7% to £62,000, and trade debtors have decreased by 6.7% to £29,000. The company’s small size (meeting two of three conditions for a small company) helps it remain nimble, but the sharp decline in equity raises questions about its financial health. No auditor is mentioned, likely due to the small company exemption. The decrease in retained earnings is significant, suggesting that the company may be burning through money or struggling to generate profits.

Registered in England/Wales under the registration number 01904516, with a registered address at WS11 0JN, Cannock, Staffs, Units 2 & 3 Progress Business Centre, Brookfield Drive.

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