Mtec Warehousing Limited

Mtec Warehousing Ltd, based in Hertford, UK, is a large, active company established 24 years ago. With 68 employees and £3.6 million in assets, the company generated £13.4 million in revenue last year. It’s managed by eight directors and a solo founder, Williams David Royston, and boasts a perfect 5.0 Google rating from 17 reviews. The company operates from a real address and has a strong focus on importing and exporting art and antiques – 20 months of import activity and 55 months of export activity, with the latest operations in November 2024 and January 2025 respectively.

Mtec Fine Art International, as its website reveals, is a specialist provider of art handling and logistics services. They offer bespoke solutions for transport, installation, storage, and customs compliance, catering to artists, galleries, collectors, and museums worldwide. Their services range from secure storage and specialist packing to structural engineering and plinth fabrication, all underpinned by a commitment to "delivery and Getting It Right." The company has five locations in the UK and has expanded with global locations in the EU, including Belgium and Venice.

Financially, Mtec Warehousing Ltd shows a mixed picture. While turnover remained relatively stable at £13.4 million, net assets decreased by 15% to £3.6 million. Cash bank on hand fell significantly by 65% to £460,000, and bank borrowings increased by 430% to £550,000. The company’s average number of employees grew by 28% to 87, suggesting increased operational activity. A notable increase in director remuneration, up 20% to £280,000, could reflect the company’s growth and increased workload. Depreciation expenses increased by 67% to £440,000, potentially due to investments in new equipment or facilities. The company’s auditors, Cook & Partners Limited, provided an unqualified opinion on the financial statements.

Despite the decrease in net assets and cash reserves, Mtec’s strong reputation in the art handling sector and its expanding global presence suggest a resilient business model. The increase in employees and director remuneration indicates ongoing investment and growth, although the reliance on bank borrowings warrants close monitoring. The company’s focus on specialized services and its commitment to quality position it well for continued success in the art logistics market.

Registered in England/Wales under the registration number 03986255, with a registered address at SG14 1BP, Hertford, Herts, Manufactory House, Bell Lane.

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