T I Midwood & Co Limited

T I Midwood & Co Ltd from Chester UK is a large company, operating as a holding company with an active status. Established 27 years ago in 1997, the firm employs around 200 people and holds assets valued at £41,063,766. It has a real registered address and is overseen by four directors and one owner. The company runs an e-commerce site and has a stellar 5.0 Google rating from nine reviews. It's a regular importer and exporter of iron or steel products, with 1252 months of import activity and 98 months of export activity recorded.

As a large company (meeting two of three conditions: turnover over £36 million, balance sheet total over £18 million, and over 250 employees), T I Midwood & Co Ltd appears to be financially robust. However, a closer look at the numbers reveals some interesting trends. Current assets have decreased by 16%, while bank borrowings have dramatically shrunk, falling by a staggering 99.9%. Cash and cash equivalents have seen a remarkable surge, increasing by 800%. Despite this, deferred income has also risen, suggesting a potential shift in payment terms or increased customer deposits. The company’s director remuneration has seen a substantial decrease, which could be due to various factors, including changes in management structure or cost-cutting measures.

The company’s auditor, PricewaterhouseCoopers LLP, has issued an unqualified opinion on the financial statements, indicating that the accounts present a true and fair view of the company’s financial position. The surge in cash reserves, while positive, could also indicate a slowdown in investment or a cautious approach to spending. The decrease in current assets, combined with the increase in deferred income, suggests a potential need to manage working capital effectively. Overall, T I Midwood & Co Ltd seems to be navigating a period of change, with a focus on financial stability and efficient operations.

Registered in England/Wales under the registration number 03360713, with a registered address at CH1 1QY, United Kingdom, Chester, St Johns Chambers, Love Street.

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