Mkw Parts Ltd

Mkw Parts Ltd from Cramlington UK is a small, active company founded three years ago. With two employees and £2,131,952 in assets, it operates as a family business with a real address and a dedicated e-commerce site. The company is run by three directors and owned by two individuals, William and Karen Williamson. It regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with seven months of import activity and thirty-two months of export activity.

The company's website showcases a vast catalog of mechanical parts, catering to a wide range of industries. It's a business-to-business operation, selling components for boilers, burners, and other industrial equipment. The site even offers a "last chance to buy" section, suggesting a focus on discontinued or hard-to-find items. It’s a pretty comprehensive online shop, with a lot of different parts listed.

Financially, Mkw Parts Ltd shows some interesting trends. Cash reserves jumped a whopping 3,500% to £62,000, while bank borrowings remained steady at £820,000. However, net assets declined by 28% to £92,000. Trade debtors soared by 6,500%, reaching £200,000, which could indicate increased sales but also potential payment issues. Creditors also increased significantly, jumping 17,000% to £160,000. The average number of employees has doubled to six, suggesting a period of growth. Being a small company, it’s exempt from an audit, so these figures are unaudited.

Overall, Mkw Parts Ltd seems to be experiencing a period of rapid expansion, evidenced by the increase in cash and debtors. However, the rise in creditors and the decline in net assets suggest that the company is burning through cash to fuel this growth. It’s a bit of a gamble, but the company’s focus on specialized parts and its online presence could help it weather any financial storms.

Registered in England/Wales under the registration number 14005595, with a registered address at NE23 1WD, United Kingdom, Cramlington, Northumberland, Unit 74, The Portal Colbourne Avenue, Nelson Park.

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