Heritage Abrasives Limited

Heritage Abrasives Ltd from Birmingham UK: a small, active company founded 23 years ago, employs 10 people, and holds £216,458 in assets. It’s a real address with two directors and one owner, operating an e-commerce site. The company regularly imports stone, plaster, cement, and similar materials (24 months), but exports irregularly (2 months).

The business specializes in abrasive belts, discs, sheets, and polishing equipment, catering to both manufacturers and end-users. Its website showcases a wide range of products, from aluminium oxide belts to polishing compounds, and even includes a section for job vacancies. It seems they also stock a variety of other goods, encouraging customers to browse and discover what they need. Heritage Abrasives Ltd has a branch in Sheffield, expanding its reach beyond Birmingham. They even offer custom-made products, highlighting their flexibility and commitment to customer service.

Financially, the company shows some interesting trends. Current assets increased by 15%, reaching £220,000, while net assets also rose by 18%, settling at £19,000. Bank borrowings increased by 1.3%, reaching £5,100, and cash reserves saw a significant boost, jumping 78% to £45,000. Creditors, however, grew by 17%, reaching £200,000. 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. There’s no mention of an auditor, likely due to its small size.

The increase in cash reserves is a positive sign, suggesting improved cash flow management. However, the rise in creditors needs to be monitored, as it could indicate potential payment pressures. Overall, Heritage Abrasives Ltd appears to be a stable, albeit small, company navigating the challenges of the abrasives market.

Registered in England/Wales under the registration number 04392570, with a registered address at B7 4LY, England, Birmingham, 239 Heneage Street.

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