Mlc Technology Limited

MLC Technology Limited, based in Newport, UK, is a small, active company established 27 years ago. With four employees and £216,160 in assets, it’s a relatively modest operation run by five directors and a single owner. The company, founded on January 22, 1998, has a real registered address and regularly imports machinery, boilers, and mechanical appliances—parts, with the last import activity recorded three months ago. It also exports iron or steel products, with the last export activity taking place just last month.

The company's website highlights its expertise in maritime and off-grid electrical and electronic engineering applications, offering services from concept development to system integration. It boasts capabilities in EDS design, harness manufacturing, instrumentation specification, and RF-based telemetry solutions. The website emphasizes a collaborative, agile approach, drawing on experience from high-performance sailboat, automotive, and motorsport collaborations. It's a mission-driven company, aiming to bring together collective expertise to tackle demanding systems at any project stage.

Financially, MLC Technology Limited presents a mixed picture. Cash bank holdings have plummeted by a significant 60%, dropping to £130,000. Current assets have also seen a sharp decline, falling 60% to £220,000. Trade debtors have shrunk considerably, decreasing by 75% to £44,000, which could indicate improved collection efforts or a reduction in sales. However, net assets have also taken a hit, falling 63% to £130,000. Borrowings have increased, and creditors have decreased, suggesting the company is managing its short-term liabilities, but the overall equity reduction raises concerns. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the financial statements are unaudited. The company's focus on specialized engineering services, however, suggests a higher-value business model that could offset some of these financial pressures.

Registered in England/Wales under the registration number 03497636, with a registered address at NP11 7BH, Wales, Newport, Building D, Unit D2 Chapel Farm Industrial Estate, Cwmcarn.

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