Cormek Solutions Ltd

Cormek Solutions Ltd, based in Redditch, UK, is a small, active company founded six years ago in 2018. With nine employees and £672,346 in assets, it operates from a virtual address—a point to note as 228 companies are registered at the same location. The company is led by two directors and owned by Clarke Matthew and Nicholas Morrell, with a stellar 5.0 Google rating based on five reviews. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as of August 2022.

The company’s website highlights its focus on HVAC and building maintenance services for commercial and industrial properties. It offers installation, maintenance, and repair solutions for ventilation systems, air conditioning, boilers, chillers, and water systems, catering to a range of sectors including healthcare, data centres, retail, and manufacturing. It also offers facilities management, energy-efficient solutions, and even TM44 inspections. The website is well-designed, with case studies and insights to showcase expertise.

Financially, Cormek Solutions Ltd shows some interesting trends. While net assets remained stable at £200,000, cash reserves declined by 8.5% to £340,000. Bank borrowings increased significantly by 21%, reaching £240,000, and creditors jumped by 47% to £550,000—a considerable rise. Trade debtors also increased by 130%, suggesting potential issues with customer payments. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is common for small, exempt companies.

Overall, Cormek Solutions Ltd appears to be a well-regarded provider of HVAC services, but the financial data suggests it’s facing some challenges. The increased borrowing and rising creditors could indicate a need for improved cash flow management. It’s a company that seems to be growing, but it will need to manage its finances carefully to sustain that growth.

Registered in England/Wales under the registration number 11545061, with a registered address at B98 8BP, England, Redditch, 8 Church Green East.

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