M J Electronics Limited

Mj Electronics Ltd from Leicester UK: a small, active company founded 22 years ago, employs 11 people, and holds £226,478 in assets. It operates from a virtual address, managed by three directors and two owners, and boasts a Google rating of 4.0 based on four reviews. The company is a regular importer of electrical machinery and equipment, with five months of import activity recorded.

The company’s website describes Mj Electronics as a UK-based business designing electronics for manufacturers across various industries, including audio, lighting, transport, and medical. Services offered include PCB design and fabrication, electronic circuit design, prototyping, and software firmware design. Recent news highlights include a new Volkswagen Caddy van acquisition and a batch of Gclick tilt switches for Celtic Magic, a specialist in PC gaming controllers for the disabled community. The website also features a blog with news and updates.

Financially, Mj Electronics Ltd presents a mixed picture. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), recent figures show a concerning trend. Average number of employees has dropped by 27%, and cash bank on hand has plummeted by a significant 79%, down to £80,000. Current assets have also decreased by 58%, falling to £230,000. On a positive note, creditors have decreased by 72%, suggesting improved debt management. Equity has also declined by 41%, dropping to £210,000. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Mj Electronics Ltd appears to be facing financial pressures despite its established presence and positive Google rating. The decrease in employees and cash reserves warrants close attention, though the reduction in creditors indicates some success in managing liabilities.

Registered in England/Wales under the registration number 04454470, with a registered address at LE19 4SA, Leicester, 19 Warren Park Way, Enderby.

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