Motion Components Ltd

Motion Components Ltd, based in Ipswich, UK, is a small, family-run business with an active status. Established 22 years ago in 2003, it employs eleven people and holds £1,102,917 in assets. The company, led by four directors and two owners, operates from a real address and is a regular importer of machinery, boilers, and mechanical appliances, with eighteen months of import activity recorded. It also engages in irregular export of miscellaneous metal items, with just one month of export activity as of January 2022.

The company's website, while not providing detailed information, suggests a focus on agents involved in the sale of machinery, industrial equipment, ships, and aircraft. It’s a niche business, clearly targeting commercial and industrial clients.

Financially, Motion Components Ltd presents a mixed picture. Cash reserves increased by a significant 61%, reaching £420,000, while bank borrowings decreased substantially by 90%, falling to £20,000. However, net assets declined by 3.2%, settling at £290,000, and trade debtors slightly decreased by 2.1%. 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 warrants attention. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Motion Components Ltd appears to be navigating a period of change. The increase in cash reserves is encouraging, but the decline in net assets suggests some financial pressure. It's likely that the company is managing its debt effectively, but it will need to continue monitoring its equity position to ensure long-term stability.

Registered in England/Wales under the registration number 04742854, with a registered address at IP1 5AP, United Kingdom, Ipswich, Suffolk, Unit 9, The Sterling Complex, Farthing Road Industrial Estate.

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