Filoform Uk Ltd

Filoform UK Ltd, based in Reading, UK, is a small holding company with an active status, having operated for 27 years. The company employs 14 people and holds assets worth £11,198,115. With four directors and one owner, it maintains a real address and regularly imports and exports plastics and plastic products – 157 months of imports and 321 months of exports respectively.

The company's website, connectsealprotect.co.uk, showcases a comprehensive range of solutions for underground cable and ducting infrastructure. They manufacture and supply quality products and applications to meet the needs of cable, fibre optic, and utility networks. The site highlights a diverse portfolio, including LV and MV cable joints, duct sealing systems, fibre optic seals, resins, heat shrink products, and network access products. Filoform caters to various industries, including energy distribution, telecom, traffic infrastructure, and rail infrastructure. The website also mentions customer-specific solutions and a modern R&D department for developing new products.

Financially, Filoform UK Ltd shows some concerning trends. While current assets increased by a substantial 29%, bank borrowings also surged by 40%, reaching £9.5 million. Creditors decreased by 42%, which could be a positive sign of improved debt management, but the increase in borrowings is noteworthy. Net assets increased by 43%, reaching £10 million, but cash reserves plummeted 83%, leaving only £9,100. Trade debtors also increased by 34%, suggesting potential issues with customer payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp decline in cash reserves warrants attention. The company's accounts were audited by James Cowper Kreston Audit.

Registered in England/Wales under the registration number 03442664, with a registered address at RG7 4AB, England, Reading, Berkshire, 6 Commerce Park Brunel Road, Theale.

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