Mollart-cox Engineering Limited

Mollart Cox Engineering Ltd from Chesterfield UK: a sizable company, acting as a holding entity, and currently active, was founded 29 years ago. With 60 employees and £4,287,972 in assets, the company generated £7,966,645 in revenue last year. It has a real address, three directors, and one owner, and maintains a 3.0 Google rating based on 48 reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts (for 14 months), and exports aluminum and aluminum products (for 32 months).

It’s a large company, having met two of three conditions: turnover exceeding £36 million, a balance sheet total over £18 million, and an average employee count above 250. The company operates in the machining industries and is a regular importer and exporter.

Mollart Cox Engineering specialises in drilling, honing, and large CNC machining. Their website highlights expertise in deep hole drilling, gun drilling, and 5-axis machining. They cater to clients needing precision subcontract engineering, offering design, development, and manufacturing of special tooling. They even boast a large machining capacity, and can provide competitive solutions, even with specific tooling or machining requests.

Financially, the company’s performance shows some concerning trends. Accrued liabilities decreased significantly, falling 80% within a year, while amortisation for patents and trademarks rose 31%. Bank borrowings increased by 110%, and cash and bank holdings grew by 17%. However, the company's net assets declined, and the deferred tax liability decreased, indicating potential tax planning or changes in accounting practices. The company's director remuneration increased by 62%, which could be related to increased workload or performance-based incentives.

The company's net assets decreased, and the deferred tax liability decreased, indicating potential tax planning or changes in accounting practices. The company's net current assets decreased, and the company’s net losses deepened, which is not good.

The company’s auditor, Hebblethwaites, hasn’t mentioned any issues, but the financial data suggests a need for careful management of cash flow. While the company’s core machining business seems robust, the financial trends indicate a need to monitor expenses and manage debt.

Registered in England/Wales under the registration number 03072135, with a registered address at S41 9QJ, Chesterfield, Unit 1 Broombank Road, Chesterfield Trading Estate.

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