Exactaform Cutting Tools Limited

Exactaform Cutting Tools Ltd from Coventry UK: a large company, active status, founded 34 years ago, employs 68 people, holds £9,203,508 in assets, has a real address, is managed by four directors, and owned by two individuals. It’s a family business with a stellar 5.0 Google rating based on 15 reviews. The company regularly imports and exports basic metal tools and utensils, with 496 months of import activity and 853 months of export activity.

The company’s website, Exactaform, positions itself as specialists in PCD (Polycrystalline Diamond) carbide cutting tools. They offer a range of services including bespoke tooling solutions, standard range tools, rapid response deliveries, and tool refurbishment. They also have a presence in the US through Northern Carbide Specialists. The site highlights their commitment to helping manufacturers achieve their goals with fast access to cutting tools, including PCD tooling and carbide cutting tools. They offer solutions for various applications, from facing challenges to boosting productivity, and even cater to innovative materials.

Financially, Exactaform Cutting Tools Ltd presents a mixed picture. While cash bank on hand experienced a significant drop of 60%, falling to £1,600,000, current assets also decreased by 5%, settling at £9,200,000. However, net assets grew by 3.9% to £12,000,000, and turnover is estimated to be over £36 million. Bank borrowings increased by 44%, reaching £4,800,000, which may indicate investments in expansion or working capital. The company’s assets have increased by 41% to £4,400,000, which suggests growth in their fixed assets. The company’s net loss increased by 10% to £1,800,000, which could be attributed to increased operating expenses. The firm’s directors are Mr J A Inglis, Mr A S Nagra, Mr P Raynor, and Mr J M White. The company’s auditor is BK Plus Audit Limited.

The company’s financial performance suggests a period of growth and investment, although with some challenges in profitability. The increase in bank borrowings and the decrease in cash reserves could be a sign of aggressive expansion, while the growth in assets indicates investments in infrastructure and equipment. The company's continued focus on providing cutting-edge solutions and maintaining a strong customer service reputation likely contributes to its overall success.

Registered in England/Wales under the registration number 02533691, with a registered address at CV6 4QJ, United Kingdom, Coventry, West Midlands, Prologis Park, Central Boulevard.

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