Additive - X Limited

Additive X Ltd, based in Ripon, UK, is a small, family-run business with an active status, celebrating 36 years in operation. Employing 33 people and holding £2,583,038 in assets, the company operates from a real address and is led by three directors and two owners. Its Google rating of 5.0, based on 38 reviews, speaks to its customer satisfaction. The business runs an e-commerce site and regularly imports and exports machinery, boilers, and mechanical appliances, parts – 215 months of import activity and 139 months of export activity.

The company’s website, AdditiveX, positions itself as a specialist in 3D printing solutions. It offers a wide range of services, from 3D printing and online shopping to training and repair. The site caters to diverse industries, including aerospace, healthcare, and manufacturing, showcasing a variety of materials and technologies. It even offers virtual tours and case studies, demonstrating its expertise and capabilities.

Financially, Additive X Ltd’s numbers present a mixed picture. While cash and cash equivalents increased by a healthy 32% to £890,000, current assets decreased by 6.3% to £2,600,000. Trade debtors plummeted by a significant 38% to £800,000, suggesting potential issues with customer payments. Creditors, however, decreased by 50% to £350,000, which could indicate improved debt management. Staff costs decreased by 15% to £880,000, and net losses deepened to -£110,000. The company meets two of the three criteria for being a small business, which helps it remain flexible. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The company’s focus on 3D printing and its diverse range of services suggest a strong growth potential. However, the decline in current assets and increased losses highlight the challenges of scaling a business in a competitive market. It’s a bit concerning that the company’s average number of employees decreased by 21% to 26, but the company’s focus on innovation and customer service could help it overcome these obstacles.

Registered in England/Wales under the registration number 02272344, with a registered address at HG4 2RN, Ripon, North Yorkshire, College Business Park, Kearsley Road.

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