Conway Saw And Supply Co. Limited

Conway Saw And Supply Co. Limited, based in West Midlands, UK, is a small, active company with a rich history spanning 68 years. Founded in 1957, it employs three people and holds assets valued at £111,193. With a real address and four directors, the company is led by a solo founder and operates an e-commerce site, though its Google rating currently sits at a modest 1.0 based on just four reviews. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances—parts, with the latest import activity recorded three months ago in October 2024.

The company’s website, while not detailed, suggests a focus on wholesale of other machinery and equipment. It’s a family-run business, with Laight Graham Dudley, Laight Pauline, Laight Simon James, and Laight Pauline listed as directors. The business appears to be a traditional supplier, catering to trade customers with a range of saws and related supplies.

Financially, Conway Saw And Supply Co. Limited presents a mixed picture. Current assets have fallen significantly by 31%, dropping to £110,000, while net assets have also decreased by 25%, settling at £220,000. Cash bank on hand has taken a substantial hit, declining 64% to just £28,000. Trade debtors have plummeted by 83%, suggesting potential difficulties in collecting payments, and creditors have increased by a large 110%, indicating a reliance on borrowing. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The lack of an auditor is not surprising given its size, and the figures are unaudited.

The company’s reliance on imports and the recent decline in cash reserves suggest it’s navigating a challenging economic climate. The increase in creditors, however, may indicate efforts to manage costs—although it’s important to note that the company’s small size and family-run nature may also contribute to the financial dynamics.

Registered in England/Wales under the registration number 00584099, with a registered address at B70 0NS, West Midlands, New Swan Lane, West Bromwich.

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