Acetech Metals Ltd

Acetech Metals Ltd, based in Hull, UK, is a medium-sized holding company with an active status, established 27 years ago. The company employs 40 people and holds assets valued at £6,473,315, generating a yearly revenue of £14,082,498. It has two directors and two owners, with a real address at Studio 2, Avenue House, High Street. The company is an irregular importer of machinery, boilers, and mechanical appliances, parts, importing for one month, and a regular exporter for seven months.

The company operates in the recovery of sorted materials and the wholesale of waste and scrap industries. Its website showcases a metals recycling business with specialist areas, boasting a skilled workforce and an extensive fleet of plant and equipment, including a powerful "FRACTUM" machine. They also provide demolition, decommissioning, engineering services, and special projects. Testimonials highlight the company's ability to deliver goals and priorities.

Financially, Acetech Metals Ltd presents a mixed picture. While turnover increased by a healthy 23%, net assets decreased significantly by 10%, and cash reserves plummeted 66%. Bank borrowings increased by 16%, suggesting a reliance on external funding. Creditors decreased by 14%, which is a positive sign. The company’s size qualifies it as a medium company, meeting two of three criteria. The accounts are audited, and EC Professionals Limited served as the auditor.

The sharp decrease in cash reserves and net assets is concerning, potentially indicating increased operating expenses or investments. However, the growth in turnover suggests strong demand for their services. It's possible the company is reinvesting profits to expand its operations, which could explain the short-term financial strain. The decrease in liabilities is a positive sign, but the company should monitor its cash flow closely to ensure long-term financial stability.

Registered in England/Wales under the registration number 03524563, with a registered address at HU1 1NQ, England, Hull, Studio 2, Avenue House, High Street.

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