Miramar Engineering Ltd

Miramar Engineering Ltd, based in Royston, UK, is a small, active company established ten years ago. With 18 employees and £1,182,230 in assets, it's a modest operation boasting a perfect 5.0 Google rating from six reviews. The company operates from a virtual address – registered at a location shared by seventy-one other businesses – and is led by four directors, with one owner, Pelling Gregory John. Miramar Engineering is a regular importer of electrical machinery and equipment, with recent activity recorded in September 2024.

The company’s website highlights its expertise in refrigeration, mechanical services, and electrical work, serving primarily the food production and distribution sector. Miramar was formed by its two current directors, seeking to capitalize on opportunities in the UK refrigeration service market. They’re proud to state that their systems are used to keep products moving through the food sector. The company offers design, installation, and maintenance services, and is a member of the NICEIC approved contractor scheme.

Financially, Miramar Engineering Ltd presents a mixed picture. Cash reserves have impressively surged by 150%, reaching £320,000, while current assets have also grown significantly by 26%, totaling £1.2 million. However, creditors have increased by 5.8%, reaching £600,000, and corporation tax payable has jumped to £110,000. Bank borrowings have decreased slightly, and net assets have increased by 42%, reaching £710,000. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the rise in tax payable could be a concern. No auditor is mentioned, likely due to its status as a small company.

Overall, Miramar Engineering Ltd appears to be financially stable, with strong cash flow and growing assets. The company’s focus on specialized services and its high Google rating suggest a solid business model, although managing its growing tax obligations will be key to its continued success.

Registered in England/Wales under the registration number 09455633, with a registered address at SG8 6LX, England, Royston, 20 Elin Way, Meldreth.

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