Millgate Limited

Millgate Ltd, based in Sheffield, UK, is a sizable company with a 28-year history, currently employing 103 people. The company boasts substantial assets of £7,570,576 and generates a yearly revenue of £35,420,009. With three directors and one owner, Millgate maintains a solid 4.0-star Google rating from 36 reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 32 months of import activity and 3 months of export activity.

The company’s website paints a picture of a technology provider offering a range of services, including data security, IT infrastructure, and digital workspace solutions. It seems to operate on a business-to-business model, targeting companies seeking to streamline their technology operations. The website highlights success stories with clients like Breedon Aggregates and Blend Bottle, showcasing its ability to deliver tailored solutions.

Financially, Millgate Ltd presents a mixed picture. While turnover remained stable, net assets decreased by 15% to £2 million. Bank borrowings increased significantly by 67%, reaching £2.8 million, while cash reserves fell by 10% to £320,000. Creditors also increased by 7.8%, reaching £7.2 million. The company’s size (meeting two of three criteria for a large company) suggests it’s well-established, but the increase in debt and decrease in cash flow warrants closer attention. The company's auditor is Sutton McGrath Hartley. The decrease in amortisation expense for intangible assets, alongside a drop in average employees, could indicate a period of restructuring or reduced investment. Overall, Millgate Ltd appears to be a stable, if somewhat leveraged, technology provider navigating a competitive market.

Registered in England/Wales under the registration number 03229619, with a registered address at S9 1RG, England, Sheffield, 7 Vantage Drive, Tinsley.

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