Mmk Engineering Ltd

MMK Engineering Ltd, based in Exeter, UK, is a small, active company founded nine years ago. With 23 employees and £1.3 million in assets, it operates from a real address and is overseen by two directors and owners. Google users rate it 4.0 stars based on five reviews. The company is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with recent activity in June 2024.

The company’s website showcases a comprehensive range of engineering services, including design, fabrication, welding, machining, specialist welding, shot blasting, and paint, plus site services. It positions itself as a "one-stop destination" for engineering needs, catering to clients throughout the UK. A key focus is the design, manufacture, installation, and maintenance of haulage chain conveyors. Testimonials highlight the company's ability to provide rapid, practical solutions to breakdowns and plant shutdowns. It’s clear that MMK Engineering Ltd operates as a service-oriented business, rather than a traditional e-commerce retailer.

Financially, MMK Engineering Ltd presents a mixed picture. Current assets increased by 17% to £1.4 million, while net assets rose by 17% to £500,000. Bank borrowings increased significantly by 340% to £140,000, and cash reserves grew by 690% to £440,000. Creditors decreased by 62% to £5,900. The company’s small size (meeting two of three conditions for being a small company) allows it to remain flexible. While the increase in bank borrowings is notable, the growth in cash reserves suggests improved liquidity. The absence of an auditor is typical for a small company, relying on unaudited financial statements.

Overall, MMK Engineering Ltd appears to be a financially stable engineering firm, benefiting from its diverse service offerings and strong customer relationships. The increase in bank borrowings may be related to investments in equipment or expansion, but the company’s solid cash position suggests it’s managing its finances well.

Registered in England/Wales under the registration number 09613728, with a registered address at EX6 6HH, England, Exeter, Tellams Yard Tellams Yard, Cheriton Bishop.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.