Monarch Gaskets & Seals Ltd

Monarch Gaskets & Seals Ltd from Wakefield UK: a small, active company founded seven years ago, employs five people, and holds £412,817 in assets. It’s a real address, managed by three directors and a solo founder, Lyles Gavin. The company regularly imports machinery, boilers, and mechanical appliances parts—15 months of import activity—and exports vehicles, parts, and accessories (excluding trains and trams)—16 months of export activity.

The company operates in the manufacture of other rubber products industries. Its website is currently unavailable, so it’s difficult to determine if it’s an e-commerce business or primarily serves business-to-business clients.

Financially, Monarch Gaskets & Seals Ltd shows some interesting trends. Accumulated depreciation on plant and machinery increased by 41%, suggesting continued investment in its equipment. The number of employees jumped significantly, rising 100% to ten—a big change for a small company. Bank borrowings increased by nearly 10%, reaching £140,000, while cash reserves dipped slightly to £8,100. Creditors saw a substantial rise, increasing by 76% to £440,000, which could indicate expanding operations or potentially a need for better cash flow management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no auditor mentioned, so the financial statements are unaudited.

Despite the increase in liabilities, the company’s net assets remain positive, although they decreased by 23% to £5,200. The sharp increase in employee numbers is a notable factor, potentially reflecting increased demand or expansion into new areas. The company's financial situation seems stable, but the rising liabilities need to be monitored closely.

Registered in England/Wales under the registration number 11006156, with a registered address at WF2 0XW, England, Wakefield, Unit 10 Eagle Point Telford Way, Wakefield 41 Industrial Estate.

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