2d Cnc Machinery Limited

2d Cnc Machinery Limited, based in Cardiff, UK, is a small, active company founded fifteen years ago. Despite a solid 5.0 Google rating from two reviews, the company has accounts overdue for a year, a common issue for smaller businesses. With six employees and £103,325 in assets, it’s a lean operation managed by a solo founder and one director. The company regularly imports machinery, boilers, and mechanical appliances, with its last import operation recorded in November 2023.

The company’s website, 2d Cnc Machinery, offers CNC cutting services in Ickenham, London, providing reliable and speedy service. It's a straightforward operation, focused on providing CNC 2D cutting. There's a clear menu structure, guiding visitors through the services offered. It seems to be primarily a service-based business, without a large e-commerce presence.

Financially, 2d Cnc Machinery Limited presents a mixed picture. While cash reserves have plummeted by a staggering 92% to just £14,000, indicating a significant drain on resources, creditors have also decreased by 20%. Bank borrowings have seen a substantial increase of 83%, reaching £900,000, which could be a sign of increased investment or a need to cover short-term expenses. The company's net assets have fallen by 53%, resulting in a net liability of £1.2 million. It’s important to note that the company’s turnover is likely below £10.2 million, its balance sheet total is less than £5.1 million, and it employs fewer than 50 people, qualifying it as a small company. The absence of an auditor mentioned suggests the accounts are unaudited. Depreciation on plant machinery has increased slightly, which could be due to increased usage or maintenance costs. The company's reliance on intragroup loans, as mentioned in the report, could indicate a larger group structure, but the details of this relationship are unclear.

Registered in England/Wales under the registration number 06964332, with a registered address at CF14 8LH, Cardiff, 06964332 - COMPANIES HOUSE DEFAULT ADDRESS.

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