Mildtech Uk Ltd

Mildtech UK Ltd, based in Newport, UK, is a small, active company founded two years ago. Employing six people, it holds £149,043 in assets and operates from a real address. With four directors and three owners, it’s a family business boasting a perfect 5.0 Google rating from one review. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import operation recorded just one month ago.

The company’s website, Mildtech, showcases a revolutionary microwave drying technology. It’s not an e-commerce site, but rather a platform highlighting its cutting-edge, low-temperature drying process, which aims to retain maximum nutrients and vitamins while significantly reducing processing time. The technology caters to a wide range of applications, from drying natural ingredients like fruit and vegetables to processing meat, dairy, and even algae. Testimonials from satisfied customers praise the technology’s efficiency, energy savings, and ability to preserve the quality of food products. The website also features a blog with articles on topics such as the benefits of low-temperature drying and the company’s involvement in the Better Food for All competition.

Financially, Mildtech UK Ltd presents a mixed picture. While current assets increased slightly to £150,000, net assets remained steady at -£78,000. Bank borrowings rose significantly to £200, while cash reserves dropped sharply to £3,700. Creditors also increased substantially to £370,000, suggesting the company is relying more on credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in debt and decrease in cash reserves could indicate financial pressure. As a small company, it's exempt from an audit, so the figures are unaudited. The company’s focus on innovative technology and its strong customer testimonials suggest a promising future, but managing its finances will be crucial for sustained growth.

Registered in England/Wales under the registration number 14518989, with a registered address at TF10 9LH, United Kingdom, Newport, Telford, Unit 6b Ni Park.

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