Eurotek Foundry Products Limited

Eurotek Foundry Products Ltd, based in Elland, UK, is a sizable company holding a significant position in the foundry consumables and equipment sector. Established 33 years ago, in 1991, the active business employs 22 individuals and boasts assets totaling £7,613,684, with yearly revenue reaching £13,184,595. The company operates from a real address and is overseen by six directors and a single owner. Its Google rating stands at a perfect 5.0 based on two reviews, reflecting a strong reputation. Eurotek regularly imports organic chemicals (66 months) and exports miscellaneous chemical products (188 months).

The company's website highlights a broad range of products and services, including chemical binder systems, release agents, insulating sleeves, sand mixers, and reclamation equipment. It caters to the foundry industry, offering everything from basic consumables to advanced process control technology. The website also mentions a division specializing in piano restoration, suggesting a diversification of business interests.

Financially, Eurotek Foundry Products Ltd presents a mixed picture. While turnover remained steady at £13,184,595, several key indicators raise concerns. Bank borrowings increased dramatically by 2,400%, reaching £960,000, and cash reserves declined by 61%, leaving only £670,000 available. Administrative expenses increased by 16%, and net assets decreased by 36%, falling to £5.5 million. The company's average number of employees also decreased by 18%, dropping to 18. It's worth noting that the company’s creditors increased by 32%, which could be a result of the increased bank borrowings. The company is classified as large, having met two of the three criteria.

Despite these challenges, Eurotek Foundry Products Ltd maintains a strong market presence and a reputation for quality. The increase in bank borrowings suggests a possible investment in expansion or a need to manage short-term cash flow. The decrease in employees could be a result of streamlining operations or a shift in business strategy. The company’s auditor, Walter Dawson & Son, has not reported any issues.

Registered in England/Wales under the registration number 02663209, with a registered address at HX5 9DT, England, Elland, West Yorkshire, C/O Eurotek Foundry Products Limited, Wistons Lane.

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