Fastenright Limited

Fastenright Ltd from West Midlands UK is a small, active company founded 42 years ago in 1983. Employing ten people, it holds assets totaling £727,509 and operates from a real address in Wolverhampton. With five directors and four owners (though the list changed recently, which is a good sign for sales!), it’s a family business with a long history. The company regularly imports and exports iron or steel products—173 months of imports and 409 months of exports—demonstrating a consistent presence in the trade industry.

The company's website is non-existent, which makes it difficult to understand what they are doing.

Financially, Fastenright Ltd presents a mixed picture. While current assets decreased by 19% to £730,000, net assets also fell by 16% to £590,000. Cash reserves experienced a significant drop of 23%, landing at £500,000. Bank borrowings increased by 200% to £28,000, and creditors decreased by 9.2% to £230,000. The company’s size—meeting two of three conditions for being a small company—allows for agility, but the decline in equity warrants attention. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements.

The company is doing alright, but it's not booming. The decrease in cash reserves is concerning, but the reduction in creditors indicates improved debt management. It’s a steady, established business, but it needs to keep an eye on its cash flow to ensure long-term stability.

Registered in England/Wales under the registration number 01712823, with a registered address at WV1 3LT, West Midlands, Ward Street, Wolverhampton.

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