Mrds Group Limited

Mrds Group Ltd from Aberdeen, UK, is a small holding company with an active status, having been founded ten years ago in 2015. Employing 25 people, the company holds £1,082,724 in assets and operates from a real address in Aberdeen’s Altens Industrial Estate. With three directors and one owner, it maintains a stellar 5.0 Google rating based on two reviews. The company regularly imports machinery, boilers, and mechanical appliances parts, having imported for 470 months, with the last import operation in January 01, 2025. It also exports similar items, having exported for sixteen months, with the last export operation on December 01, 2024.

The company’s website highlights its role as a leader in inspection, repair, and maintenance (IRM) work for the energy industry. Acquired by Garrick Group in 2020, Mrds Group Ltd has strengthened its global footprint and is expanding into renewables and decommissioning. The site emphasizes its engineering capabilities and commitment to safety and performance, offering services to industry, class, and client standards. It’s clear they are focused on providing specialized services rather than direct sales.

Financially, Mrds Group Ltd shows a mixed picture. Current assets have decreased by 30%, falling to £1,100,000, while net assets have dropped 38%, reaching -£700,000. Bank borrowings have significantly reduced, falling by 94%, to just £10,000, and cash reserves have also decreased by 43%, to £13,000. Creditors, however, have increased by 18%, to £630,000, suggesting a need for more cashflow. The company's small size—meeting two of three conditions for a small company—allows for agility, but the equity decline is concerning. No auditor is mentioned, which is likely due to the company’s small size and exemption from an audit.

Overall, Mrds Group Ltd appears to be navigating a period of financial pressure, despite its strong reputation for specialized services. The acquisition by Garrick Group likely brought both opportunities and challenges, and the company’s ability to adapt to these changes will be key to its long-term success.

Registered in Scotland under the registration number SC504100, with a registered address at AB12 3LW, Scotland, Aberdeen, Unit 15a Minto Drive, Altens Industrial Estate.

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