Millimetre Limited

Millimetre Ltd from Brighton UK: a small, active company founded 18 years ago, employs 26 people, and holds £679,364 in assets. With three directors and three owners, it operates from a real address and has a long history of importing machinery, boilers, and mechanical appliances (parts imported for 3 months) and exporting wood and wood products (exported for 7 months). The company is registered under the name Millimetre Measured Surveys Ltd.

The business specializes in creating “As Existing” drawing packages for the construction industry, working with architects, builders, and planning consultants. It focuses on residential extensions and uses traditional methods to provide detailed floor plans, elevations, and sections. While it outsources topographical surveys, it prides itself on its attention to detail and seamless integration with project designers. The company’s website, currently under construction, promises a launch soon, highlighting its expertise in measured surveys across the South East of England.

Financially, Millimetre Ltd shows a mixed picture. Cash reserves decreased by 17% to £390,000, while bank borrowings increased by 2.5% to £9,700. Creditors decreased significantly by 60% to £180,000, which is a positive sign. However, net assets increased by 100% to £610,000, which is a large jump. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it is exempt as a small company.

Overall, Millimetre Ltd appears to be navigating a period of change. The decrease in cash reserves and increase in bank borrowings, while concerning, are offset by the reduction in creditors and a significant increase in net assets. The company’s focus on a niche market and its commitment to quality suggest it’s well-positioned for future growth, but keeping a close eye on its cash flow will be important.

Registered in England/Wales under the registration number 05881423, with a registered address at BN41 1DH, Brighton, Unit 3, 57 North Street, Portslade.

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