Momentum Engineering Limited

Momentum Engineering Ltd, based in Coleshill, Birmingham, UK, is a small holding company with an active status, having been established 41 years ago in 1983. The company employs 14 people and holds assets totaling £334,756. With three directors and two owners, it operates from a real address shared by just one other company, suggesting a genuine business location. Momentum Engineering is involved in the machining industries.

The company’s website showcases a structural engineering consultancy, highlighting a portfolio of award-winning projects ranging from church renovations to museum developments. It seems they work with a variety of clients, from local councils to cultural institutions, and their work is recognized nationally. They don't seem to be an e-commerce business, but rather a service provider.

Financially, Momentum Engineering Ltd shows some concerning trends. Current assets have fallen by 24%, dropping to £330,000, and net assets have declined by 29%, settling at £210,000. Bank borrowings have decreased slightly, and cash reserves have also decreased by 16%, down to £120,000. Creditors have also decreased by 17%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity and assets is something to keep an eye on. The company is exempt from an audit, so the figures are unaudited.

While the company seems to be doing well in terms of securing projects and winning awards, the financial data suggests it may be burning through cash. The decrease in assets and cash reserves, coupled with the increase in creditors, could indicate a need for improved cash flow management. It's possible that the company is investing heavily in new projects, but it's also possible that it's facing challenges in collecting payments from clients.

Registered in England/Wales under the registration number 01749645, with a registered address at B46 1JT, Station Road, Coleshill Birmingham, Unit 50, Coleshill Industrial Estate.

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