Canmax Ltd

Canmax Ltd from Newport UK is a small company with an active status, founded five years ago. It employs one person and holds £16,651 in assets, operating from a real address. With one director and one owner, it boasts a perfect 5.0 Google rating based on a single review. This company, meeting two of three conditions to be considered small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees), is involved in the retail sale via mail order houses or via internet.

The company’s website reveals a focus on innovative payment ticketing solutions. Cammax Ltd designs, manufactures, and supplies touchscreen kiosk machines and software for a range of industries, including rail, parking, and local councils. They offer a comprehensive suite of products and services, from smart ticketing kiosks and payment kiosks to kiosk training, maintenance, and rental. Their case studies showcase partnerships with organizations like Nottingham Trams and East Midlands Railway, demonstrating their ability to deliver customized solutions for complex business challenges. They also offer bespoke solutions, including prescription payment kiosks and translation kiosks.

Financially, Canmax Ltd presents a mixed picture. Bank borrowings have decreased by 46%, from £11,000 to £5,800, which is a positive sign. However, cash reserves have fallen significantly, dropping 85% to just £650. Creditors have remained relatively stable, but other creditors have increased by 92%, reaching £10,000. Net assets have improved, rising from a loss of £81 to a positive £110, which is a notable turnaround. The company’s current assets have remained stable at £17,000. It’s worth noting that the company is exempt from an audit, and the financial statements are unaudited. The decrease in cash reserves and increase in other creditors suggest the company is burning through money, but the improvement in net assets indicates a potential for future stability.

Registered in England/Wales under the registration number 12110950, with a registered address at NP11 5AU, Wales, Newport, 9 Coed Celynen Drive, Abercarn.

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