Elite Machine Knives Limited

Elite Machine Knives Limited, based in Sheffield, UK, is a small, active company founded 17 years ago. With 14 employees and £894,371 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports iron and steel (for six months) and exports machinery, boilers, and mechanical appliances (for 29 months), with the latest export activity recorded in March 2024.

The company's website showcases its specialization in manufacturing high-quality machine knives, particularly serrated and packaging knives for industries like food, paper, plastics, and medical. It offers a range of products, including form fill seal knives, packaging knives, and tray knives, catering to diverse packaging and sealing needs. The website highlights its commitment to bespoke solutions, advanced equipment (creep feed grinding and laser cutting), and a wide range of finishes. It's a family-run business, selling products internationally, including America and Europe.

Financially, Elite Machine Knives Limited presents a mixed picture. While net assets increased slightly to £790,000, cash reserves declined by 22% to £280,000. Trade debtors decreased significantly by 42%, which could indicate improved collection efforts, but also potentially reduced sales. Bank borrowings surged by 2,400%, reaching £29,000, and creditors decreased by 14%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased borrowings raise questions about its financial sustainability. No auditor is mentioned, likely due to its status as a small company.

The company’s focus on specialized machine knives and its international reach suggest a niche market strategy. However, the financial data indicate a need for careful management of cash flow and debt levels to ensure long-term viability.

Registered in England/Wales under the registration number 06527774, with a registered address at S4 7QQ, Sheffield, Southyorkshire, 5 Atlas Way Atlas Way, Atlas.

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