Multi Vehicle Technology Limited

Multi Vehicle Technology Ltd from Leicester, UK, is a small, active company founded nine years ago. With £700,492 in assets and a real address, it operates as a solo-founder business, employing one director and owner. The company boasts a perfect 5.0 Google rating from five reviews and runs an e-commerce site, regularly importing electrical machinery and equipment—four months of imports were recorded as of October 2023.

The company specializes in vehicle conversion and build services, catering to both private and public sector clients. Their website highlights a wide range of offerings, from exhibition trailers and mobile libraries to catering trailers and even veterinary vehicles under the Animedix brand. They provide a comprehensive service, from initial design and consultancy to ongoing maintenance and repairs, and even offer bespoke solutions. Their website shows a lot of projects and they have a blog.

Financially, Multi Vehicle Technology Ltd presents a mixed picture. While cash reserves increased by a healthy 82% to £420,000, trade debtors decreased by 35% to £51,000, suggesting customers are paying quicker. However, creditors increased by 22% to £470,000, and net assets dropped by 16% to £270,000. Bank borrowings decreased by 13% to £32,000. The company meets two of three conditions to be classified as small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The unaudited accounts, exempt as a small company, rely on director-reported data.

The increase in creditors and decrease in net assets could indicate the company is investing in growth or facing temporary cash flow challenges. The company's ability to maintain its strong Google rating and continue securing vehicle conversion projects will be key to its long-term success.

Registered in England/Wales under the registration number 09799261, with a registered address at LE4 9HA, England, Leicester, Units I & J Troon Way Business Park, Humberstone Lane.

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