Can-tech Elastomers Ltd

Can-Tech Elastomers Ltd, based in Londonderry, UK, is a small, active company founded 14 years ago. With 30 employees and £1,691,884 in assets, it’s a well-established player in its sector. The company has three directors and two owners, and boasts a respectable Google rating of 4.0 based on one review. It operates from a real address within the Maydown Industrial Estate.

Specializing in elastomer engineering for oilfield applications, Can-Tech Elastomers has been around for over 25 years. The company's website highlights a focus on building strong customer relationships and delivering high-quality products and services. It designs and manufactures seals, specialist rubber, and composite products primarily for the critical oil and gas industries. The business has a strong emphasis on value, prioritizing efficient processes of design, production, innovation, and application of materials technology.

Financially, Can-Tech Elastomers shows a mixed picture. Current assets have increased by 28% to £1,700,000, while net assets have risen 14% to £990,000. However, cash bank on hand has fallen by a significant 47% to £76,000. Trade debtors have also increased substantially, up 53% to £1,000,000, which could indicate challenges in collecting payments. Bank borrowings are up 2,400% to £29,000, and creditors have increased by 90% to £660,000. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the rise in debt warrants attention. As a small company, it's exempt from an audit, so the financial information is unaudited. The company has a strong focus on its niche market and customer satisfaction.

Registered in Northern Ireland under the registration number NI606514, with a registered address at BT47 6UQ, Londonderry, Londonderry, 13a Carrakeel Drive, Maydown Industrial Estate.

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