Millvale Engineering Limited

Millvale Engineering Ltd, based in Stroud, UK, is a small holding company with an active status, celebrating 25 years since its founding in 1999. Employing twelve people and holding assets valued at £570,011, the company operates from a real address and is managed by three directors and one owner. Regular importer of vehicles, parts, and accessories (not for trains or trams) for five months, and a regular exporter for 153 months, Millvale Engineering focuses on the wholesale trade of motor vehicle parts and accessories.

The company’s website showcases a diverse range of services, including fabrication, pipe work, and wind turbine maintenance. Millweld Engineering Services, based in Workington, specialises in the manufacture and erection of heavy steelwork products, emphasizing customer care and quality workmanship. The site details services for wind turbine industries, and even offers contact forms for message sending. It also lists contact details for several key personnel, including Directors Liam Smith and Neil Rowley, as well as Accounts Admin Rebecca and Managing Director Des Johnstone.

Financially, Millvale Engineering Ltd presents a mixed picture. While current assets increased by 14% to £570,000, net assets declined by 4.7% to £440,000. Bank borrowings remained steady, and cash reserves grew by 23% to £75,000. However, accrued liabilities surged by a significant 630%, reaching £57,000—a notable increase. Trade debtors also rose by 17%, to £300,000, which could indicate challenges in collecting payments. 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 rise in accrued liabilities warrants attention. As a small company, it is likely exempt from an audit, relying on unaudited financial statements. The decrease in average employees during the period from twelve to eight could also be a factor to consider.

Registered in England/Wales under the registration number 03811760, with a registered address at GL5 3HF, Stroud, Gloucestershire, Millvale House, Selsley Hill Dudbridge.

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