Morley Ventilation Limited

Morley Ventilation Ltd from Leeds UK: a small, active company founded 16 years ago, employs 14 people, and holds £849,676 in assets. It’s a real address with three directors and two owners, boasting a stellar 5.0 Google rating from just two reviews. The company is an irregular importer, primarily bringing in basic metal tools and utensils, with the last import occurring just one month ago.

The company operates as a specialist ductwork contractor, focusing on ventilation solutions for commercial, industrial, and residential spaces. Its website highlights expertise in ductwork installation, clean air solutions, and quality craftsmanship. They emphasize local expertise, innovation, and customer satisfaction, even offering a project gallery to showcase their work. The website suggests a focus on keeping Yorkshire folk at just the right temperature.

Financially, Morley Ventilation Ltd presents a mixed picture. Current assets have fallen by a significant 29%, dropping to £850,000, while net assets have plummeted 44%, settling at £94,000. Bank borrowings have increased, reaching £25,000, and cash reserves have decreased by 110%, resulting in a negative cash balance of -£110,000. Creditors, however, have decreased by 17%, suggesting improved debt 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 is no auditor mentioned, likely due to its small size.

The sharp decline in cash reserves and equity is concerning, potentially indicating that the company is burning through money faster than it's bringing it in. However, the decrease in creditors suggests they are managing their short-term liabilities effectively. The company’s future hinges on its ability to maintain its reputation for quality ductwork and secure new projects to offset these financial pressures.

Registered in England/Wales under the registration number 06722524, with a registered address at LS27 8BG, England, Leeds, West Yorkshire, 25 Melbourne Street Morley.

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