Freeform Fabrication Industries Limited

Freeform Fabrication Industries Ltd from Birkenhead, UK, is a small, active company founded nine years ago. Despite a strong 5.0 Google rating from 17 reviews, the company is currently facing some financial challenges, with accounts and confirmation statements overdue for two months. Employing just two people and holding £820,568 in assets, it’s a relatively small operation managed by two directors and one owner. The company specializes in importing optical and medical tools and devices, though import activity has been irregular, with the last operation occurring one month ago.

The company’s website reveals a focus on precision technology for manufacturing. Freeform Fabrication Ltd acts as a supplier of laser engravers, 3D printers, laser welders, and 3D scanners, catering to industries like engineering, jewellery, and diamond machinery. They offer a range of services, including wax 3D printing, 3D scanning, and laser welding, alongside software solutions and inspection tools. The site emphasizes providing equipment, training, and support to manufacturers, with a showroom in Hertfordshire and a focus on honest advice and customer service. They even offer funding grants and a laser welding academy.

Financially, Freeform Fabrication Industries Ltd presents a mixed picture. While current assets have increased by 21% to £820,000, equity has declined by 10% to -£240,000. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves have fallen 72% to £71,000. Creditors have increased significantly by 350%, reaching £210,000, suggesting a need for careful debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is a cause for concern. With no auditor mentioned, the financial statements are unaudited. The company’s reliance on bank borrowings and the decrease in cash reserves suggest it may be burning through money faster than it’s generating revenue, although this could be a temporary situation as it invests in growth.

Registered in England/Wales under the registration number 10003939, with a registered address at CH41 5EH, United Kingdom, Birkenhead, Wirral, 12 Pilgrim Street.

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