Curtis Machine Tools Limited

Curtis Machine Tools Ltd from Colchester UK: small company, holding company, active status, founded 25 years ago, 21 employees, £2,146,742 assets, virtual address, 4 directors, 1 owner, google rating 5.0 based on 2 reviews. Regular importer of machinery, boilers, and mechanical appliances; parts (89 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (77 months exported). It’s a small, family-run business operating from Colchester, Essex, with a solid reputation—boasting a perfect 5.0 Google rating from two reviews. Founded a quarter-century ago, the company employs twenty-one people and holds £2,146,742 in assets. However, the registered address is a virtual one, with forty-two other companies registered at the same location, which is a bit unusual. Four directors and one owner are steering the ship, and it’s a holding company.

Curtis Machine Tools specializes in providing engineered grinding solutions for manufacturers worldwide. Their website highlights a focus on high-precision cylindrical grinding machines, offering a three-year warranty (subject to service plans) and customized solutions, particularly for fuel injection and turbocharger applications in the automotive sector. They even offer exclusive rights to machine configurations. The site also mentions design, manufacture, assembly, and process development services, suggesting a comprehensive approach to precision grinding.

Financially, Curtis Machine Tools shows some concerning trends. Current assets have fallen by 38%, dropping to £2,100,000, while net assets have also decreased, though less dramatically, by 5.4% to £1,400,000. Bank borrowings have increased significantly, and cash reserves have fallen, indicating a potential strain on liquidity. Creditors have also decreased, which is a positive sign, suggesting better debt management. The company meets the criteria for a small company, with turnover less than £10.2 million, assets under £5.1 million, and fewer than fifty employees. There's no auditor mentioned, so the financials are unaudited.

The rise in future minimum lease payments—a 390% increase—is also worth noting, potentially reflecting expansion or new equipment. While the company's reputation and specialized services are strengths, the financial data suggests it’s facing challenges. It’s a bit strange that the company has so many creditors, but that’s probably because it’s a holding company.

Registered in England/Wales under the registration number 03820802, with a registered address at CO7 7QR, Colchester, Essex, 4 & 5 The Cedars, Apex 12 Old Ipswich Road.

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