Millington Associates Limited

Millington Associates Limited, based in London, UK, is a small holding company with an active status, having been established 26 years ago in March 1999. The company employs 25 people and holds assets totaling £2,180,554. It operates from a real address and is overseen by two directors and one owner. Millington Associates regularly imports electrical machinery and equipment (3 months of imports) and exports furniture, lighting, and prefabricated buildings (17 months of exports).

The company’s website highlights its role as a design consultant and manufacturer, with a focus on providing design services and manufacturing solutions. While the website doesn’s explicitly state it’s an e-commerce platform, the focus on design and manufacturing suggests a business-to-business model, likely involving custom orders and project-based work.

Financially, Millington Associates Limited presents a mixed picture. Cash bank on hand has decreased significantly by 45% to £700,000, while creditors have increased dramatically by 83% to £1,500,000. Net assets have also fallen sharply, dropping 50% to £740,000. Trade debtors have increased by 69%, which could be a sign of extended payment terms or difficulties collecting from customers. On a positive note, prepayments have risen by 29%, suggesting increased confidence in future business. 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 for flexibility, but the decline in equity raises concerns. There is no auditor mentioned, indicating the company is likely exempt from an audit. Average number of employees has increased by 12% to 28.

It’s worth noting that the company’s financial data shows a significant increase in bank borrowings, which could be a strategy to manage cash flow or invest in growth. The sharp increase in creditors, however, suggests a potential strain on the company’s ability to meet its short-term obligations. Overall, Millington Associates Limited appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 03734498, with a registered address at SE26 5BN, England, London, 5 Unit 6 -9 Sydenham Industrial Estate, Westerley Crescent.

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