Millitec Food Systems Ltd

Millitec Food Systems Ltd, based in Derby, UK, is a small holding company with an active status, celebrating 20 years since its founding in 2005. Employing 23 people, the company holds £1,991,711 in assets and operates from a real address at 20 Victoria Road, Draycott. Led by a single director and owned by Millitec Group Ltd, it maintains a respectable Google rating of 4.0 based on eight reviews. The company regularly imports and exports electrical machinery and equipment, with 46 months of import activity and 43 months of export activity recorded.

The company’s website showcases Millitec Food Systems as a manufacturer of advanced automation machinery for the food industry. It offers a wide range of equipment, from slicers and cutters to butterers and conveyors, catering to various needs within food processing. The site emphasizes innovative engineering, global reach, and a commitment to hygiene, with a dedicated section for training videos and a members-only area. It even has a blog section.

Financially, Millitec Food Systems Ltd demonstrates a mixed picture. Current assets decreased by 15% to £2,000,000, while net assets also dropped by 2.9% to £3,300,000. Bank borrowings have vanished, a positive sign, and cash reserves have increased by 22% to £1,100,000. Trade debtors have fallen significantly, by 38%, suggesting improved collection practices. Creditors have also decreased, by 27%. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned is typical for a small company, relying on unaudited statements.

The company’s growth in assets and cash reserves is encouraging, but the decrease in current assets warrants further investigation. The reduction in debt is a positive development, but the overall financial picture suggests a company navigating a competitive market, relying on its reputation for innovation and quality to maintain its position.

Registered in England/Wales under the registration number 05390759, with a registered address at DE72 3PS, England, Derby, 20 Victoria Road, Draycott.

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