Mj Toolmakers Limited

Mj Toolmakers Ltd, based in Market Harborough, UK, is a small, active company founded 23 years ago in 2002. Employing 10 people, the firm holds £226,316 in assets and operates from a virtual address – a detail flagged by the registration of 36 companies at the same location. Run by three directors and one owner, McDermott Nathan John, the company boasts a perfect 5.0 Google rating based on a single review. Mj Toolmakers regularly imports machinery, boilers, and mechanical appliances, with five months of import activity recorded, the latest in March 2024.

The company specializes in the manufacture of production and prototype mould tools for the plastic and rubber industries. Its website highlights a forward-looking approach, offering design services from concept to manufacture, including CAD capabilities and partnerships for moulded components. The business also operates a tool room equipped with state-of-the-art CNC machinery, emphasizing a commitment to technology and skilled craftsmanship.

Financially, Mj Toolmakers Ltd presents a mixed picture. Current assets have fallen by a significant 37% to £230,000, while net assets have dropped 1.1% to £500,000. Bank borrowings have decreased by 42% to £110,000, and cash reserves have fallen 30% to £120,000. Creditors have also decreased by 22%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in assets warrants attention. As a small company, it’s exempt from an audit, relying on unaudited financial statements.

The company’s reliance on a virtual address and a single review on Google raises questions about its online presence, but its focus on specialized tooling and commitment to technology suggest a niche market strategy. Whether it can sustain its financial footing in the long term remains to be seen.

Registered in England/Wales under the registration number 04393074, with a registered address at LE16 7NE, Market Harborough, Leicestershire, Clarence House, 35 Clarence Street.

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