Mte Heat Treatment Limited

Mte Heat Treatment Ltd, based in Huddersfield, UK, is a small, holding company with an active status. Founded fifteen years ago in 30 employees and holding assets of £1,749,756, the company operates from a real address and is overseen by two directors and one owner. It’s an irregular importer of machinery, boilers, and mechanical appliances, with parts imported for two months, and a regular exporter of vehicles, parts, and accessories (excluding trains and trams) for four months.

The company’s core business revolves around the treatment and coating of metals, operating in the heat treatment industry. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. While it’s a holding company, the website reveals little beyond this, suggesting a relatively discreet operation.

Looking at the financials, Mte Heat Treatment Ltd’s situation appears complex. Current assets have decreased by 16%, dropping to £1,700,000, while net assets have fallen by 19%, settling at £2,100,000. Bank borrowings have vanished completely, a positive sign, but cash reserves have plummeted 93%, leaving just £33,000. Creditors have remained relatively stable, but other debt increased by 18%. The number of employees has risen by 30%, jumping to 39, which could reflect increased business activity or potentially higher overheads. Trade debtors have increased by 7.3%, which could be a sign of delayed customer payments.

The company's equity has also decreased significantly, falling 17% to £2,100,000. It's worth noting that the company has elected not to include a copy of the income statement within the financial statements. As a small company, it’s exempt from an audit, so the figures are unaudited. The decrease in equity and the drop in cash reserves suggest the company is burning through money, although the stable creditors indicate some degree of debt management. The increase in employees could be a sign of growth, but also a potential strain on resources.

Registered in England/Wales under the registration number 06981200, with a registered address at HD7 5BB, England, Huddersfield, West Yorkshire, Spa Fields Industrial Estate New Street, Slaithwaite.

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