Adapttech Manufacturing Solutions Limited

Adapttech Manufacturing Solutions Ltd from Nottingham UK is a small, active company founded 24 years ago, in 2000. With six employees and £392,052 in assets, it’s a family business boasting a stellar 5.0 Google rating from 17 reviews. The company operates from a real address and is led by three directors and two owners. Adapttech regularly imports machinery, boilers, and mechanical appliances, with 42 months of import activity recorded, the latest in March 2024.

The company specializes in the manufacture of other fabricated metal products, a niche industry. While a website isn't available to analyze, this suggests a business-to-business model rather than direct consumer sales. It's likely they supply components or finished goods to larger manufacturers.

Financially, Adapttech shows a mixed picture. Current assets decreased by 3.3% to £390,000, while cash reserves dropped 8.5% to £140,000. Trade debtors fell by a significant 42%, which could indicate improved collection practices or a slowdown in sales. Creditors increased by 54%, which may be due to increased material costs or supplier credit terms. Equity also declined by 12%, dropping to £350,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Adapttech appears to be navigating a period of change. The decline in assets and equity suggests potential pressures, but the decrease in debtors hints at better financial management. The company's long-standing presence and positive Google reviews indicate a solid reputation, but continued monitoring of its financial health will be important.

Registered in England/Wales under the registration number 04063338, with a registered address at NG12 3EQ, United Kingdom, Nottingham, Nottinghamshire, Unit 11-12 Wolds Farm Business Park, Kinoulton Lane Kinoulton.

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