Multi-tech Engineering (uk) Limited

Multi-Tech Engineering Uk Ltd, based in Knottingley, UK, is a small, active company founded 19 years ago. With 15 employees and £975,512 in assets, it’s a family business boasting a perfect 5.0 Google rating from three reviews. The company operates from a real address and is managed by three directors and two owners. It regularly imports machinery, boilers, and mechanical appliances – parts, with 3 months of import activity recorded, the last in October 2024. It also exports these items, albeit irregularly, with one month of export activity as of August 2023. The company’s website isn's available, making it difficult to assess their online presence and sales channels.

Multi-Tech Engineering operates in the machining and manufacture of other special-purpose machinery industries. It’s a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company's financial data, while unaudited, reveals some concerning trends. Accumulated amortisation impairment intangible assets increased by 6.2%, while accumulated depreciation impairment property plant equipment rose by 10%. Bank borrowings surged by a significant 320%, reaching £470,000, and cash reserves dwindled to just £350. Creditors also increased, jumping to £1.1 million. Despite these challenges, trade debtors increased by 40%, suggesting improved customer payments.

These financial shifts could be attributed to several factors, such as increased material costs, investments in new equipment, or expanded operations. The company’s small size and family ownership structure likely contribute to its agility, but the decline in cash reserves and increase in bank borrowings warrant close monitoring. The lack of an auditor mentioned suggests the company is exempt under small company regulations, relying on director-reported data. Overall, Multi-Tech Engineering Uk Ltd is navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 05779644, with a registered address at WF11 8RD, Knottingley, West Yorkshire, Multi-Tech Engineering (Uk) Ltd Kirkhaw Lane, Ferrybridge.

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