Greengate Metal Components Limited

Greengate Metal Components Ltd from Manchester UK: a small, active company established 45 years ago, employs 30 people, and holds £2,054,287 in assets. Based at a real address, the business is led by four directors and owned by a solo founder, operating an e-commerce site with a respectable 4.0 Google rating from 10 reviews. The company irregularly imports clothing and accessories, not knitted or crocheted, with two months of import activity recorded.

Primarily, Greengate Metal Components is a sheet metal manufacturer, offering a wide range of services from design and prototyping to fabrication, welding, and powder coating. Its website details a 60-year history of precision sheet metal work, catering to sectors like aerospace, medical, and kiosk manufacturing. The company boasts a 50,000 square foot facility and emphasizes its commitment to quality and customer confidence, even offering services like CNC punching and laser cutting.

Financially, Greengate Metal Components shows a mixed picture. While cash reserves increased by 20% to £480,000, current assets declined by 2.1% to £2,100,000. Bank borrowings were reduced significantly, falling 61% to £24,000. Trade debtors decreased by a substantial 33%, suggesting improved collection efforts, but creditors increased by 23%, potentially reflecting increased material costs. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, indicating exemption under the small companies regime.

The company's increased debt and reduced assets could be attributed to inflationary pressures or investments in new equipment, but it’s hard to tell. Despite this, Greengate Metal Components’ long history and diverse range of services suggest a resilient business, even if it’s facing some short-term challenges.

Registered in England/Wales under the registration number 01425515, with a registered address at M24 1RU, Manchester, Unit 1 Greengate, Middleton Junction.

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