Smiley Monroe Limited

Smiley Monroe Limited, based in Lisburn, Northern Ireland, is a large company holding a significant position in the UK’s conveyor belt industry. Incorporated 38 years ago in December 1986, the company boasts 154 employees and holds assets valued at £19,209,463, generating annual revenue of £26,998,521. With a real address and five directors, including the Monroe family, it's a well-established operation. The company’s Google rating stands at a respectable 4.0 based on one review. Regular importer of rubber and rubber products (175 months imported), and a regular exporter of machinery, boilers, and mechanical appliances; parts (183 months exported).

The company’s website, Smiley Monroe Conveyor Belt Products, showcases a wide range of conveyor belt solutions, components, and accessories, primarily targeting crushing, screening, recycling, and related industries. It’s clear that Smiley Monroe operates a comprehensive business, offering everything from standard rubber belts to specialized cleated and chevron designs, as well as services like custom fabrication and belt tracking. The website also highlights a division focused on high-end piano restoration, demonstrating a surprising diversification of business interests.

Financially, Smiley Monroe Limited shows a mixed picture. While turnover remained relatively stable at £27 million, net assets increased by a substantial 24% to £17 million. However, bank borrowings surged by 130%, reaching £4.7 million, and cash reserves fell by 30% to £5.3 million. Trade debtors increased by 17%, suggesting potential issues with customer payments. Despite these challenges, creditors decreased by 11%, indicating improved debt management. The company meets two of three criteria to be considered a large company, with a turnover of £27 million, assets of £19.2 million, and 154 employees. The company’s auditor is Sumer Auditco NI Limited.

Overall, Smiley Monroe Limited appears to be a stable, albeit somewhat pressured, business. The diversification into piano restoration is an interesting development, but the rising debt levels warrant attention. The company’s long history and established reputation suggest it’s well-positioned to navigate these challenges, but careful financial management will be crucial for continued success.

Registered in Northern Ireland under the registration number NI020012, with a registered address at BT28 2EX, Lisburn, County Antrim, 23 Ferguson Drive.

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