Mlc Technologies Ltd

MLC Technologies Ltd, based in Holt, UK, is a small, active family business founded six years ago. With five employees and £365,766 in assets, the company operates from a real address and is managed by three directors and two owners. It's a bit of an unusual mix: an irregular importer of optical and medical tools (just one month of imports recorded in January 2024) and a regular exporter of electrical machinery and equipment (seven months of exports, with the latest in March 2024).

The company’s website paints a picture of a specialist engineering firm. MLC Technologies focuses on maritime and off-grid electrical and electronic engineering applications, offering services from concept design to system integration, including EDS design, harness manufacturing, instrumentation, and even RF-based telemetry solutions. They emphasize a collaborative approach, working closely with clients to deliver on time and within budget. Their philosophy is to apply expertise from high-performance sailboat, automotive, and motorsport collaborations to demanding mission-critical systems.

Financially, MLC Technologies Ltd shows some interesting trends. Cash reserves saw a significant boost, rising 52% to £300,000. However, net assets also increased substantially, jumping 170% to £140,000, which is a positive sign. Creditors rose by 27%, reaching £230,000, and bank borrowings decreased by 26%, dropping to £17,000. Trade debtors increased dramatically, ballooning 420% to £60,000, which could be a temporary fluctuation or indicate a shift in payment terms. The company’s size (meeting two of three criteria for a small company) helps it maintain agility. The lack of an auditor mentioned suggests the company is exempt as a small entity. Overall, MLC Technologies Ltd seems to be growing, but the increase in trade debtors warrants a closer look.

Registered in England/Wales under the registration number 11375581, with a registered address at NR25 7DZ, England, Holt, Unit 7c Bayfield.

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