Cutting Industries Ltd

Cutting Industries Ltd, based in Belfast, UK, is a small holding company with an active status, having been founded 28 years ago in 1996. The company employs 13 people and holds assets worth £1,577,319. It operates from a virtual address, registered at a location shared by 38 other companies, and is managed by three directors and one owner. Google users rate it 5.0 stars based on one review. Cutting Industries is an irregular importer, primarily dealing in electrical machinery and equipment, with the latest import activity occurring in April 2024.

The company’s website reveals it manufactures rubber and plastic products for a wide range of industries across the UK and Ireland. They specialize in gaskets, seals, washers, and strips, using materials like rubber sheeting, plastic sheeting, and foam sheeting. Services include die cutting, knife cutting, moulding, and extrusions. The website also showcases case studies and testimonials from satisfied clients, including those in the automotive, construction, aeronautical, and medical sectors. It's clear they pride themselves on high-quality parts and responsive customer service.

Financially, Cutting Industries Ltd presents a mixed picture. While cash reserves increased by a significant 43% to £590,000, net assets only rose by 28% to £1,500,000. Bank borrowings, however, surged by 32%, reaching £21,000, and accrued liabilities increased substantially by 150%. Creditors also rose by 51%, suggesting a potential need to manage supplier payments more closely. Despite these pressures, the company’s small size—meeting two of three criteria for being a small company—allows for agility. The company is exempt from an audit, so the financial statements are unaudited.

Overall, Cutting Industries Ltd appears to be a stable, albeit somewhat challenged, business. The company’s focus on specialized manufacturing and customer service, combined with a strong Google rating, positions it well for continued success, but the rising debts are something to keep an eye on.

Registered in Northern Ireland under the registration number NI031592, with a registered address at BT3 9LE, Belfast, 10 Pilots View, Heron Road.

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