Ferrostatics (international) Limited

Ferrostatics International Ltd, based in Cheadle, UK, is a small holding company with an active status, celebrating 30 years since its founding in 1995. The company employs eleven people and holds assets totaling £1,123,013. It operates from a real address, with three directors and one owner reported. While it irregularly imports miscellaneous manufactured goods (last import December 2023), Ferrostatics International is primarily a regular exporter of machinery, boilers, and mechanical appliances; parts (last export December 2024).

The company’s activities appear to center around the manufacture of other special-purpose machinery and providing business support services. It's unclear if they operate an e-commerce site, but the information provided doesn’t suggest one.

Financially, Ferrostatics International shows a mixed picture. Current assets increased by 11% to £1,100,000, while net assets jumped a substantial 82% to £550,000. Bank borrowings decreased by 17%, and cash reserves increased by 6.5% to £430,000. Trade debtors increased by 38%, suggesting a potential growth in sales, but creditors also decreased by 49%, which is a positive sign. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned is consistent with its small size.

The company’s equity has seen a significant boost, which could be attributed to retained earnings or other factors. While the increase in trade debtors warrants monitoring, the overall financial trends appear relatively healthy. The company's growth in exports is a positive indicator, suggesting a strong demand for its products. It seems like the company is doing well, but the increase in debtors should be kept an eye on.

Registered in England/Wales under the registration number 03018579, with a registered address at SK8 1PS, England, Cheadle, United House, 3 The Crescent.

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