Millwood Manufacturing Ltd

Millwood Manufacturing Ltd from Widnes UK: small company, active status, founded 9 years ago, 51 employees, £2,311,383 assets, real address, 2 directors, no owners. Regular importer of plastics and plastic products (14 months imported). Regular exporter of none (5 months exported). It’s a technical service company and formulator, offering contract manufacturing for personal care, cosmetics, fragrances, household care, health sectors, pet care, automotive, and outdoor industries. The company works with well-known high street brands and supplies globally.

Millwood Manufacturing’s website highlights its capabilities, including green formulations, house brands, and technical support. It even has a unique product: an anti-drug spray designed to deter drug users from using surfaces. The company's website also showcases its commitment to customer service and project management. It’s a small business, meeting two of three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Millwood Manufacturing Ltd has experienced some significant shifts. Cash bank holdings have decreased substantially, falling by 54% to £480,000. Creditors have also seen a large reduction, dropping 57% to £910,000. However, there’s been a corresponding increase in trade debtors, up 48%, which could indicate challenges in collecting payments. Equity has also declined by 14%, to £1.7 million. While these changes might raise concerns, it’s worth noting that the company’s net assets still stand at a respectable £1.9 million. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

The company's financial data shows a trend of declining assets and cash reserves, which could be attributed to increased investment in inventory or operational expenses. The significant reduction in creditors suggests improved debt management, however, the rise in debtors could be a cause for concern. It’s likely that the company is navigating the typical challenges of a growing business—balancing investment with maintaining financial stability.

Registered in England/Wales under the registration number 09901525, with a registered address at WA8 8TL, England, Widnes, Cheshire, Unit 1, Block B, St. Michaels Industrial Estate.

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