Faber Technology Ltd

Faber Technology Ltd from Newtown UK: a small, family business active for 23 years, employs 17 people, and holds £664,145 in assets. With two directors and owners, and a perfect 5.0 Google rating based on a single review, it's a well-regarded local operation. The company regularly imports machinery and parts (for six months), and exports electrical equipment (for twenty months).

Based in Mid Wales, Faber Technology is a plastic injection moulding company dedicated to providing cost-effective solutions for customers across the UK. Their website highlights a flexible approach, offering services from conceptual design to final production, catering to diverse industries like automotive, electronics, and transport. They even offer tooling consultancy and emphasize personal service, with customers able to talk directly to Arburg-trained engineers. They have recently taken delivery of a new 400T Arburg Injection Moulding Machine.

Financially, Faber Technology shows a mixed picture. Current assets have decreased by 19%, falling to £660,000, while net assets have also dropped by 3.9% to £1.5 million. Cash reserves, however, have seen a dramatic increase of 3700%, reaching £33,000—a positive sign. Trade debtors have fallen by 30%, suggesting improved collection of payments. Creditors have also decreased, by 28%, which is good. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to the small company status. The substantial increase in finance lease payments, however, should be watched closely.

Registered in England/Wales under the registration number 04403613, with a registered address at SY16 4LE, Newtown, Powys, Unit 22 Mochdre Industrial, Estate.

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