Cnc International Services Ltd

CNC International Services Ltd, based in Monmouth, UK, is a small, family-run business with an active status. Founded four years ago in 2020, the company employs three people and holds £515,761 in assets. It operates from a real address and is led by one director and two owners. The business specializes in importing and, to a lesser extent, exporting machinery, boilers, and mechanical appliances, with a focus on parts—18 months of import activity and one month of export activity recorded.

The company’s website highlights its role as a "Leading EDM and CNC Solutions" provider, emphasizing its expertise in wire, die sink, drilling EDM machines, and high-speed machining centres. It’s a successor to a business founded in 1982, initially an EDM service centre. The current management took over in 2020, aiming to improve customer service and grow the business. The website showcases brands like ActSpark, Charmilles, and ONA, and offers services including machine sales, repairs, and refurbishment. The company also publishes regular news updates, including recent machine installations and website launch announcements.

Financially, CNC International Services Ltd shows some concerning trends. Accumulated depreciation for plant machinery increased by a whopping 230%, while cash reserves dropped 47% to £58,000. Creditors surged by 390%, reaching £420,000, and bank borrowings also increased significantly, by 62%. However, trade debtors decreased by 510%, suggesting improved collection practices. 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 increase in liabilities is something to keep an eye on. With no auditor mentioned, the figures are unaudited.

Overall, CNC International Services Ltd appears to be navigating a period of change, with increasing liabilities potentially reflecting investment or operational expansion. The company’s focus on specialized machinery and its commitment to customer service position it well in the market, but careful financial management will be crucial for sustained success.

Registered in England/Wales under the registration number 12848135, with a registered address at NP25 5GF, Wales, Monmouth, 7 Harfleur Court.

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