Monway Woodfuel Limited

Monway Woodfuel Ltd from Burntwood UK: a small holding company with an active status, was founded 10 years ago and employs 17 people. The company holds £710,139 in assets and has a real address, managed by two directors and one owner, boasting a stellar 5.0 Google rating from 7 reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import operation occurring one months ago in May 2022.

The company operates in the wholesale of other fuels and related products, and the other retail sale not in stores, stalls or markets industries. Its website, firewoodsalesmonway.co.uk, announces a new website is coming soon, positioning Monway Woodfuel as a supplier of quality and certified woodfuel products at competitive prices. The company’s registered address is Unit 9 Zone 3 Smiths Close, Burntwood Business Park, Burntwood, WS7 3FT.

Financially, Monway Woodfuel Ltd shows a mixed picture. Current assets decreased by 10%, falling to £710,000, while net assets dropped a significant 91%, settling at just £3,200. Bank borrowings decreased by 69%, reaching £97,000, and cash reserves increased by a substantial 230%, reaching £11,000. Trade debtors decreased by 36%, suggesting better debt collection, but creditors also decreased by 5.7%, which is a positive sign. 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 agility, but the sharp decline in equity raises questions. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 09364431, with a registered address at WS7 3FT, England, Burntwood, Unit 9 - Zone 3 Smiths Close, Burntwood Business Park.

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