Friction Technology Limited

Friction Technology Ltd, based in High Peak, UK, is a small, active company established 21 years ago. With 18 employees and £1,153,253 in assets, it operates from a real address and is managed by three directors, though no owners are currently listed. The company regularly imports vehicles, parts, and accessories (excluding trains and trams) – 44 months of import activity recorded, with the latest in February 2025 – and exports machinery, boilers, and mechanical appliances, with 50 months of export activity, the last in October 2024.

The company’s website, frictiontechnology.co.uk, positions itself as a manufacturer of friction products, serving global clients with tailored solutions. They specialize in industrial brake pads, friction material, and friction discs, offering a diverse range of 90 formulations. The site emphasizes in-house expertise, precision engineering, and solution-based design, catering to industries like wind energy, construction, and marine. They boast 130 years of engineering excellence and currently develop five innovative friction solutions. The website also highlights a global reach, serving clients in over 40 countries and partnering with 140 businesses.

Financially, Friction Technology Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 3.2%, while plant machinery saw a larger increase of 17%. The number of employees decreased by 22%, dropping to 14. Bank borrowings were reduced by 38%, and cash reserves increased by a significant 56%, reaching £290,000. Creditors also decreased by 38%. While current assets increased by 14% to £1.2 million, net assets increased by 24% to £590,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in employees could indicate restructuring. No auditor is mentioned, likely due to exemption as a small company, so the figures are unaudited.

Overall, Friction Technology Ltd appears to be financially stable, with growing assets and increased cash reserves. However, the reduction in employees warrants further investigation. The company’s focus on specialized friction solutions and global reach suggests a resilient business model, though ongoing monitoring of financial trends is advisable.

Registered in England/Wales under the registration number 04903830, with a registered address at SK23 7LY, High Peak, Unit 11, Bingswood Ind. Est, Whaley Bridge.

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