Mine Technology Services Limited

Mine Technology Services Limited, based in Wormley, UK, is a small, active company founded eleven years ago in 2013. With four employees and £221,163 in assets, it’s a solo-founded operation managed by a single director and owner. The company operates from a real address and regularly imports and exports electrical machinery and equipment, with 34 months of import activity and 175 months of export activity recorded. The latest activity was in February 2025.

The company’s website reveals it specializes in resource estimation, mine design, process engineering, and more, catering to the mining industry. It offers a full complement of services, from database audits to operations audits, and even provides financial services and software projects. The website also highlights a team with experience in mining studies and mine operations.

Financially, Mine Technology Services Limited’s numbers present a mixed picture. Current assets have decreased by 23%, falling to £220,000, while net assets have plummeted 93%, leaving just £340 in equity. Bank borrowings have increased by a staggering 140%, reaching £51,000, and cash reserves have dropped 95%, leaving just £43. Creditors, however, have decreased by 36%, suggesting some improvements in debt management. 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 agility, but the sharp equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data also reveals some interesting trends. Amortisation for intangible assets has remained constant, while depreciation for plant and machinery has increased slightly. The amount specific advances or credits to directors has fluctuated significantly, with a large increase in the amount repaid. The number of employees has increased by 25%, from four to five.

In short, Mine Technology Services Limited is facing challenges, but it's still operating. The company’s focus on specialized mining services and its experienced team could help it navigate these pressures—but for now, it’s a story of a small company working hard in a demanding industry.

Registered in England/Wales under the registration number 08668956, with a registered address at GU8 5TJ, England, Wormley, Surrey, Unit 1, Capital Park, Combe Lane.

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