Cromar Metal Products Limited

Cromar Metal Products Ltd from Coldstream UK is a small, holding company with an active status, established 24 years ago. The company employs 12 people and holds £488,947 in assets, operating from a real address. With three directors and one owner, it’s a relatively compact operation. Cromar is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with parts imported roughly every two months.

The company’s website showcases a focus on manufacturing and supplying swarf conveyors, filtration systems, and high-pressure coolant systems for the engineering and aerospace industries. It also offers conveyor spare parts and repair services. The website highlights a range of products, from standard conveyors to bespoke solutions, and even includes a division specializing in piano restoration – a surprising diversification. The company supports operations across Europe and even exports to South Africa, Australia, and North America.

Financially, Cromar Metal Products Ltd presents a mixed picture. Current assets have decreased by 11%, dropping to £490,000, while net assets have fallen by 28%, reaching £240,000. Bank borrowings have increased significantly, by 2,400%, reaching £29,000, and cash reserves have decreased by 42%, to £190,000. Creditors have also risen, by 26%, to £400,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decline in equity warrants attention. The unaudited financial statements, exempt due to its small size, are reported without external audit. The company’s average number of employees has also decreased slightly, by 8.3%, to 11. It's likely that the company is facing some challenges, but the diversification into piano restoration suggests a forward-thinking approach.

Registered in England/Wales under the registration number 04022491, with a registered address at TD12 4EE, Coldstream, Unit 3 Hill View Trading Estate, Guards Road.

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