Momentum Circuits Ltd

Momentum Circuits Ltd, based in Market Harborough, UK, is a small, active company founded twelve years ago. With five employees and £589,285 in assets, it operates from a real address and is overseen by four directors and one owner. The company regularly imports electrical machinery and equipment, with a history of 87 months of import activity.

The company’s website showcases Momentum Circuits as a manufacturer of printed circuit boards, specializing in rapid prototyping, low to high volume assembly, and various PCB technologies. They cater to diverse sectors, including LED lighting, automotive, computing, medical, and military applications. The site emphasizes cost reduction, technical sales, and engineering support, positioning them as a competitive supplier. They even offer services like data management and PCB quality appraisal.

Financially, Momentum Circuits Ltd presents a mixed picture. Current assets have decreased by 18% to £590,000, while net assets have fallen 7.4% to £310,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The company meets two of three conditions to be considered small, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The decrease in assets and increase in debt could be due to investments in new equipment or expansion of operations—but it’s also possible that the company is facing challenges in managing cash flow. The company's small size allows for agility, but the financial pressures raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 08349597, with a registered address at LE16 8GP, England, Market Harborough, Unit 3 The Hermitage, Desborough Road.

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