Chemtec Uk Limited

Chemtec Uk Limited, based in Beith, Scotland, is a large, active company founded 20 years ago. With 26 employees and £1,218,522 in assets, it’s a significant player in its sector. The company, which has four directors and no listed owners, maintains a real address and boasts a stellar 5.0 Google rating from two reviews. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances, with consistent activity over the last 50 months for exports and 59 months for imports.

Chemtec Uk Limited operates as a manufacturer of other fabricated metal products, with a global sales presence and manufacturing locations in the United States and Scotland. Its website details a focus on robust specialty heat transfer equipment for industries like oil refining, chemical processing, and healthcare, offering solutions from process heating to spare parts and replacement equipment. The company's website suggests it’s not primarily an e-commerce operation, but rather a business-to-business supplier offering custom solutions and engineering services.

Financially, Chemtec Uk Limited’s recent performance shows mixed signals. Current assets have increased by 28% to £1.2 million, which is a positive sign. However, net assets have decreased by 43% to -£1 million, indicating a significant drop in equity. Bank borrowings have decreased by 31% to £45,000, which could be a result of better cash flow management. Interest payable has increased by 86%, suggesting higher borrowing costs. Despite these fluctuations, the company’s retained earnings have fallen by 59%, which is a concern. The company was audited by Azets Audit Services, and the report was released in June 2024. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and more than 250 employees) helps it stay agile, but the sharp equity drop raises questions.

Registered in Scotland under the registration number SC276983, with a registered address at KA15 1JH, Scotland, Beith, North Ayrshire, Willowyard Road, Willowyard Road.

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