Milenco Limited

Milenco Limited, based in Milton Keynes, UK, is a small, active company established 32 years ago in 1993. Employing 15 people and boasting a real address, it's managed by three directors and one owner. The company regularly imports miscellaneous metal items (188 months) and exports vehicles, parts, and accessories (100 months), catering to the motorcycle security market.

The company’s website showcases a wide range of high-quality security products, including motorcycle locks, chains, and ground anchors, alongside apparel and race team merchandise. It’s clear Milenco is targeting enthusiasts and professionals seeking robust protection for their vehicles. The site also highlights the company’s involvement in motorcycle racing, sponsoring the Padgett’s Race Team.

Financially, Milenco Limited presents a mixed picture. Cash bank on hand has impressively grown by 98%, reaching £6.7 million, while net current assets liabilities remain steady at £9.4 million. However, finished goods and goods for resale have decreased significantly by 56%, dropping to £1.4 million. Trade debtors have also increased by 66%, reaching £3.1 million, which could indicate a shift in payment terms or increased sales on credit. Despite this, creditors have only risen slightly by 26%, to £1.8 million. The company’s property, plant, and equipment has decreased by 18%, to £74,000. It’s a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited and exempt, relying on director-reported data.

Notably, the company assigned rights to use various designs, patents, and trademarks in Australia and the US to Milenco Innovations Ltd, a company registered in the Isle of Man, for £1.5 million. This suggests a strategic move to expand intellectual property rights and potentially explore new markets. Overall, Milenco Limited seems to be financially stable, but the decrease in finished goods and the increase in debtors warrant close monitoring.

Registered in England/Wales under the registration number 02803864, with a registered address at MK12 5TS, Milton Keynes, Buckinghamshire, Blackhill Drive, Wolverton Mill.

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