Myers Group 1959 Ltd

Myers Group 1959 Ltd, based in Huddersfield, UK, is a large holding company with an active status, having been incorporated 77 years ago in December 1947. The company employs just four people and holds assets worth £2,852,184. With a real address and three directors, it's a relatively small leadership team overseeing a significant operation. Google reviews give it a respectable 4.0 rating based on 14 reviews. The company regularly imports stone, plaster, cement, and similar material products, with 11 months of import activity recorded.

The Myers Group operates as a holding company, owning several businesses including Wellfield Homes Ltd, Naylor Bros. (denby Dale) Limited, Johnsons Wellfield Ltd, Readymix Huddersfield Ltd, and Mini Mix-huddersfield Limited. It’s a significant player in the region, with a history stretching back decades. The company’s website doesn’t provide much information about its direct activities, suggesting a focus on managing its subsidiaries rather than direct customer interaction. It appears to be a B2B operation, supplying materials and services to other businesses.

Financially, Myers Group 1959 Ltd shows a mixed picture. While bank borrowings decreased by 9.7% to £3.3 million, cash reserves plummeted 77% to just £370,000. Net assets also declined by 5%, falling to £330,000. Trade debtors increased significantly by 33%, reaching £2.5 million, which could indicate challenges in collecting payments. However, creditors also decreased by 19%, suggesting improved debt management. The company’s large size (meeting two of three criteria for a large company) and substantial assets point to a stable base, but the sharp decline in cash reserves warrants closer attention. Simpson Wood Limited acted as the auditor, and the accounts are audited.

The company’s dividend income increased dramatically, rising by 93% to £4.4 million, likely reflecting strong performance within its subsidiaries. It’s clear that while the parent company itself might be facing some financial pressure, its investments are generating substantial returns. Overall, Myers Group 1959 Ltd appears to be navigating a complex financial landscape, relying on the success of its various holdings to sustain its operations.

Registered in England/Wales under the registration number 00446451, with a registered address at HD1 6PB, Huddersfield, 5 Barr St., Off Leeds Rd..

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