Cutwel Limited

Cutwel Ltd from Cleckheaton UK is a sizable, holding company with an active status, celebrating 28 years in business. Employing 92 people and boasting assets of £17,576,576, the company operates from a real address and is overseen by two directors and one owner. It runs an e-commerce site and regularly imports basic metal tools and utensils (829 months) while exporting machinery, boilers, and mechanical appliances (43 months). Google users rate it 4.0 stars based on 63 reviews.

The company’s website showcases a vast range of engineering tools and services, catering to a diverse clientele. From milling tools and hole-making equipment to lathe tools and thread-cutting solutions, Cutwel Ltd acts as a comprehensive supplier for various industries. It even offers specialized services like custom tooling and tool regrinding.

Financially, Cutwel Ltd presents a mixed picture. While current assets increased by a substantial 44%, net assets decreased by 32% to £14 million—a concerning trend. Bank borrowings have surged by 330%, reaching £7.6 million, and cash reserves have fallen by 36% to £940,000. Creditors also increased by 2.3%, suggesting a reliance on external financing. The company meets two of three criteria to be considered large, with turnover over £36 million, balance sheet total over £18 million, and employees over 250. Despite this, the decline in equity raises questions about its long-term stability. The company’s auditor is BHP LLP.

The rise in debt and decrease in equity could be due to increased investment in inventory or expansion efforts. The company's continued focus on its e-commerce platform and comprehensive product range, however, suggests a commitment to growth—but whether it can manage its financial pressures remains to be seen.

Registered in England/Wales under the registration number 03202912, with a registered address at BD19 4DH, England, Cleckheaton, Unit A, Riverside Drive.

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