M.j. Sections Limited

Mj Sections Ltd, based in Netherton, UK, is a large company with an active status, celebrating 45 years in business. Employing 168 people, it holds assets worth £24.4 million and generates annual revenue of £26.1 million. With four directors and no listed owners, the company maintains a solid 4.0 Google rating based on 24 reviews. It regularly imports machinery, boilers, and mechanical appliances, parts (for 29 months), and exports none (for 41 months).

The company operates in the manufacture of other fabricated metal products, specializing in precision formed sheet metal fabrications and machined components for both the UK and worldwide aerospace markets. Its website showcases a range of capabilities, including rolled ring production, welding, pressing, and advanced machining services, catering to sectors like aerospace, defence, rail, and power generation. They even offer a one-stop shop philosophy, procuring honeycomb, braze it to their sheet metal rolled and expanded rings, and EDM grind the final diameters to very close tolerances.

Financially, Mj Sections Ltd appears to be experiencing growth, with turnover increasing by 14% to £26 million. However, there are some concerning trends. While bank cash increased by 10%, net assets decreased by 13% to £32 million. Creditors have risen by 18%, suggesting a reliance on external financing. Bank borrowings increased by 100%, reaching £2.7 million, and cash reserves fell by 12% to £5.6 million. Despite these pressures, the company has managed to reduce its losses from -£100,000 to -£480,000. The company’s auditor is E R Grove & Co Limited. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and average number of employees over 250) helps it stay agile, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 01451657, with a registered address at DY2 0JZ, Netherton, West Midlands, Unit 5 Marriott Road Industrial, Estate,.

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