Cutting Edge Services Limited

Cutting Edge Services Ltd from Chorley UK is a large, holding company with an active status, established 32 years ago. The company employs 82 people and holds assets valued at £5,902,993, generating a yearly revenue of £15,403,136. It has a real address, is managed by two directors, and has one owner. A Google rating of 4.0 based on 11 reviews suggests a positive customer perception. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 506 months of import activity and 121 months of export activity.

The company operates as a supplier of capital equipment and ancillary parts to the meat, fish, and food-related industries, providing knife and blade sharpening services, and supplying abattoir and butchery supplies. It also runs a separate, high-end piano restoration business, 1066 Pianos, operating from Cambridge and even boasting a showroom in Harrods, London. The piano division specializes in museum-grade restorations and disaster recovery.

Financially, Cutting Edge Services Ltd shows some concerning trends. Current assets decreased by 22%, dropping to £5.9 million, while net assets plummeted 41%, settling at £980,000. Bank borrowings increased significantly by 61%, reaching £150,000, and cash reserves fell 21%, ending at £120,000. Creditors, however, decreased by 18%, indicating improved debt management. The company meets two of three criteria to be considered a large company, with turnover around £15 million. The lack of an auditor mentioned suggests the company is exempt.

The company's financial struggles could be attributed to increased competition in the food processing equipment market or rising costs of materials. The success of the piano division, however, suggests a diversification strategy that could provide a buffer against these challenges. It’s clear that Cutting Edge Services Ltd is navigating a complex financial landscape, relying on its established reputation and diversified operations to maintain its position in the market.

Registered in England/Wales under the registration number 02757183, with a registered address at PR7 7NB, Chorley, Unit 8, Matrix Park Western, Avenue, Buckshaw Village.

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