Monarch Knitting Machinery (u.k.) Limited

Monarch Knitting Machinery Uk Ltd, based in Leicester, UK, is a well-established company with a strong presence in the industry. Founded 57 years ago in 1968, this large company boasts 30 employees and holds substantial assets of £19,283,702. With an impressive yearly revenue of £13,239,998, it’s a significant player in its sector. The company maintains a real address and is overseen by five directors and one owner. Its Google rating is a perfect 5.0 based on 15 reviews, a testament to its reputation. Monarch Knitting Machinery regularly imports and exports machinery, boilers, and mechanical appliances, parts, demonstrating a global reach.

The company's core business revolves around the manufacture of other electrical equipment, machine tools, special-purpose machinery, and the wholesale of machinery for the textile industry. It’s a large company, meeting two of three criteria: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The company’s website is unavailable, making it difficult to assess its e-commerce presence.

Looking at the financial data, Monarch Knitting Machinery shows some concerning trends. While assets remain substantial, current assets have decreased by 15%, and net assets have also declined. Bank borrowings have also decreased, but cash reserves have fallen by 27%. There’s been a sharp decrease in profits, with a 83% drop in profit loss. The company’s creditors have also decreased by 36%. The company’s auditor is Mark J Rees LLP Chartered Accountants.

Despite these challenges, Monarch Knitting Machinery’s long history, positive Google rating, and continued import/export activity suggest a resilient business. The decrease in profits could be due to a number of factors, such as increased competition or changing market conditions. The company's continued operations, despite these pressures, indicate a commitment to its core business and a determination to navigate the current economic climate.

Registered in England/Wales under the registration number 00930058, with a registered address at LE4 1BG, Leicester, 74 Boston Road, Beaumont Leys.

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