Moffatt Engineering Limited

Moffatt Engineering Limited, based in Malmesbury, UK, is a small, active family business established 21 years ago. With just two employees and £465,308 in assets, it operates from a real address and is overseen by three directors and two owners. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation occurring in July 2024.

The company’s website, however, presents a confusing picture. It appears to be under construction, displaying default login pages and installation instructions rather than a functioning online store. It seems the site hasn’s been properly launched, which is a bit odd. The company operates in the remediation activities and other waste management services industries.

Financially, Moffatt Engineering Limited shows a mixed bag. While cash reserves decreased by 18% to £310,000, creditors dropped by a significant 33%, suggesting improved debt management. However, net assets declined by 20% to £480,000, and the average number of employees increased by a whopping 100% to four—a notable change. Corporation tax payable has increased substantially, by 520%. Bank borrowings have also decreased by 32%. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, indicating an exemption as a small company.

Overall, Moffatt Engineering Limited appears to be navigating a period of change. The increased workforce and the incomplete website suggest growth and a potential shift in strategy, but the declining cash reserves and rising tax liabilities warrant close monitoring. The company’s family ownership and established presence in its sector, however, provide a solid foundation for future success.

Registered in England/Wales under the registration number 05105416, with a registered address at SN16 9RJ, England, Malmesbury, Wiltshire, View Farm, Minety.

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