Clyde Fasteners Limited

Clyde Fasteners Ltd from Glasgow, UK, is a small, active company with a long history, having been founded 59 years ago in 1965. Employing 30 people and holding assets of £635,662, it’s a well-established player in its sector. The business operates from a real address and is overseen by three directors and two owners. Clyde Fasteners regularly imports iron and steel (15 months) and exports iron or steel products (105 months), indicating a robust supply chain.

The company specializes in the manufacture of fasteners and screw machine products, with a particular focus on socket screw products and high-tensile industrial fasteners. Its website highlights a commitment to engineering excellence and direct collaboration with customers, offering design, prototyping, testing, and production services. Notably, Clyde Fasteners also caters to the piano restoration market through its 1066 Pianos division, operating from Cambridge and even boasting a showroom in Harrods.

Financially, Clyde Fasteners shows some concerning trends. Current assets have decreased by 17% to £640,000, and net assets have increased by 70% to £210,000. Bank borrowings have decreased significantly, dropping by 51% to £29,000. Creditors have also decreased by 31%, which is a positive sign. However, the drop in cash bank on hand, down 62% to just £160, is a worrying trend. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in cash reserves warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Clyde Fasteners appears to be a resilient business with a diversified portfolio, but the recent financial performance suggests it may be burning through cash, and it’s important to monitor its liquidity closely.

Registered in Scotland under the registration number SC042783, with a registered address at G74 5ET, Glasgow, South Lanarkshire, 5 Hawbank Road, East Kilbride.

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