Cellutec Limited

Cellutec Limited, based in Milnrow, UK, is a small, active company established twelve years ago. With two employees and £84,230 in assets, it operates from a virtual address shared by forty-two other companies, a detail that warrants some scrutiny. The company is led by three directors and owned by two individuals, Graham Mark and Hilton Wayne Farrar. Cellutec specializes in importing machinery, boilers, and mechanical appliances, with a consistent record of imports spanning thirteen months, the most recent in February 2024.

The company's website highlights its focus on the foam industry, specifically offering repair and supply services for Hyma foam machinery. It appears to have evolved from a specialist repair business to a broader provider of foam conversion solutions, catering to independent converters. The site also features a dedicated section for piano restoration, a separate venture that may or may not be directly related to the core business. The company’s registered address is 28 Huddersfield Road, Corner House, Newhey, OL16 1TR.

Financially, Cellutec Limited presents a mixed picture. While cash bank on hand increased by a substantial 71% to £20,000, net assets experienced a significant drop of 50%, settling at £7,400. Creditors increased by 16% to £83,000, and trade debtors decreased by nearly 5%. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the decline in equity raises concerns. The company's net current assets liabilities fell by 89% to just £750. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company. The company’s turnover is not specified, but it is likely under £10.2 million.

Registered in England/Wales under the registration number 08495425, with a registered address at OL16 3QF, United Kingdom, Milnrow, Lancashire, Corner House, 28 Huddersfield Road.

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