Millhill Supplies Limited

Millhill Supplies Ltd, based in Harrow, UK, is a small, family-run business with an active status, celebrating 55 years in operation. Employing just three people and holding £215,919 in assets, it’s a long-standing player in the machinery sector. The company operates from a virtual address, registered at Lynwood House, with 116 other companies sharing the same location—a bit unusual. One director and two owners (though the list may not be exhaustive) guide the business.

Millhill Supplies Ltd specializes in the import and export of machinery, boilers, and mechanical appliances, including parts. It regularly imports these items, with 22 months of import activity recorded, and exports them, with 27 months of export activity—the last export operation was made on February 01, 2023. The company's website showcases a focus on lathe spares, particularly for Colchester and Harrison lathes, alongside Sherline lathes and mills. It also offers accessories and even provides restoration services for pianos—a surprising diversification. The site explicitly encourages customers to contact them directly for orders, highlighting a personal touch.

Financially, Millhill Supplies Ltd presents a mixed picture. Current assets have decreased by 12% to £220,000, while net assets have fallen by 18% to £87,000. Trade debtors have experienced a significant drop of 60%, suggesting improved collection rates, however, bank borrowings have increased. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in equity warrants attention. The company is exempt from an audit, and the financial statements are unaudited.

Overall, Millhill Supplies Ltd appears to be a stable, albeit small, business navigating the challenges of a competitive market. The diversification into piano restoration could represent an opportunity for growth, but the company will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 00976533, with a registered address at HA1 2AW, Harrow, Middlesex, Lynwood House, 373-375 Station Road.

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