Colchester Machine Tool Solutions Ltd

Colchester Machine Tool Solutions Ltd, hailing from Elland, UK, is a substantial company with a long history, having been established 108 years ago in 1916. Currently active, it employs 42 people and boasts assets totaling £12,422,829. The company has a real address and is overseen by four directors, though there are no listed owners – a bit unusual. Its Google rating is a perfect 5.0 based on eight reviews, demonstrating strong customer satisfaction. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with a consistent record of 123 months of imports and 34 months of exports.

The company’s website reveals a comprehensive operation focused on machine tool solutions. It's not a straightforward e-commerce site; instead, it acts as a hub for showcasing a wide range of products and services. Visitors can explore offerings from turning, milling, and work holding to grinding, drilling, and even laser marking. They also offer automation solutions, used and ex-demo machines, and a selection of spare parts and accessories available for online purchase. The site also highlights services like bespoke design engineering, financing options, training, preventative maintenance, and even a virtual showroom.

Financially, Colchester Machine Tool Solutions Ltd appears to be navigating some changes. While cash reserves increased by a substantial 84% to £1.4 million, net assets grew by 8.5% to £11 million. However, there are some concerning trends. Administrative expenses jumped 63% to £1.5 million, and staff costs increased by 46% to £2 million. Trade debtors decreased by 17% to £1.6 million, while bank borrowings increased by 29% to £870,000. The company’s size—meeting two of three criteria for a large company—suggests it’s a significant player in its industry. The accounts were audited by MHA Moore and Smalley, providing a level of assurance. Despite the challenges, the company’s long history, diverse product range, and strong online presence indicate a resilient business, although the increase in expenses warrants further observation.

Registered in England/Wales under the registration number 00144979, with a registered address at HX5 9DA, England, Elland, West Yorkshire, Colchester Machine Tool Solutions Lowfields Way, Lowfields Business Park.

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