Mikrospin Limited

Mikrospin Ltd from Littleborough UK: a small, active company established 39 years ago, employs eight people, and holds £553,024 in assets. It’s a real address with three directors and two owners, running an e-commerce site and maintaining a 5.0 Google rating based on five reviews. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 140 months of import activity recorded.

Mikrospin operates as a hydraulic engineer and component stockist, offering specialist hydraulics and bespoke solutions. Its website showcases a wide range of products, from hydraulic cylinders to filters and power packs, catering to industries like food processing, transport, and construction. The site emphasizes expert advice, fast delivery, and a commitment to quality, even highlighting its long history—starting as a partnership in 1986 with Italian hydraulics companies. The company even has a showroom in Harrods, London.

Financially, Mikrospin Ltd presents a mixed picture. Current assets increased by 21%, reaching £550,000, while net assets grew by 39% to £330,000. Cash reserves increased by 150%, jumping to £140,000. However, bank borrowings decreased by 40%, falling to £6,000. Creditors decreased by 36%, suggesting improved debt management. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Key management personnel compensation decreased by 44%, indicating potential cost-cutting measures. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite the positive trends in assets and cash, the decrease in bank borrowings could indicate a reliance on trade credit. The company’s long history and established reputation provide a solid foundation, but the fluctuating financial data suggests ongoing challenges in maintaining consistent profitability.

Registered in England/Wales under the registration number 01980816, with a registered address at OL15 8JP, Littleborough, Rochdale,Lancashire, Mikrospin House, William Street.

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