Continental Diamond Tool Limited

Continental Diamond Tool Ltd, based in Kinmel Bay, UK, is a small, active company established 41 years ago. Employing 36 people, it holds assets of £1,262,474 and operates from a real address. With three directors and a solo founder, the company enjoys a perfect 5.0 Google rating from a single review. It’s a regular importer and exporter, dealing primarily in machinery, boilers, and mechanical appliances, with 32 months of import activity and 68 months of export activity recorded.

The company's website showcases a diverse range of precision grinding products, including superabrasives, conventional abrasives, and dressing tools. It caters to industries like ceramics, aerospace, and energy, emphasizing custom solutions and high-performance tooling. The site also features a blog with technical articles and case studies, reinforcing its expertise in precision grinding.

Financially, Continental Diamond Tool Ltd’s numbers show some interesting trends. Creditors increased by a significant 87%, totaling £130,000, while cash bank on hand decreased by 59%, leaving just £35,000. Bank borrowings, however, rose by 20%, reaching £480,000. The company’s net assets increased by 20%, reaching £760,000, and average employee numbers increased by 8.3%, to 39 people. Despite the growth in employees, the company is still considered small, meeting two of the three conditions for small company status. The lack of an auditor mentioned suggests the accounts are unaudited, relying on director-reported data.

The company's growth in bank borrowings and the increase in creditors suggests it may be investing in its operations or expanding its business—although it could also indicate increased financial pressure. The company’s long history and positive Google rating suggest a strong reputation, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01811567, with a registered address at LL18 5JA, Kinmel Bay, Conwy, Unit A1/A2 Tir Llwyd Ind Estate, St Asaph Avenue.

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