Inox Metal Works Ltd

Inox Metal Works Ltd, based in Waltham Abbey, UK, is a small, active company founded just three years ago in 2021. With £92,713 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Bostan Dogan. The business employs four people and boasts a perfect 5.0 Google rating from six reviews. It operates in the “other service activities n.e.c.” industries, and is an irregular importer of iron and steel, with just one month of import activity recorded as of September 2022.

The company's website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the publicly available information. It’s unclear what services Inox Metal Works Ltd provides, but the company’s registration suggests a focus on metal fabrication or related services.

Financially, Inox Metal Works Ltd shows some concerning trends. Cash bank on hand has plummeted 83%, dropping to just £16,000, while current assets have decreased by 23% to £93,000. Trade debtors have turned negative, showing a significant debt of £18,000—perhaps a sign of difficulties collecting payments. Creditors have increased by 20%, reaching £76,000, and the company’s equity has only grown slightly, from £8,300 to £10,000. 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 and the negative debtors raise questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Inox Metal Works Ltd appears to be facing financial headwinds. While its Google rating suggests good customer service, the financial data indicates a company struggling to manage its cash flow and collect payments. It’s unclear whether these are temporary challenges or a longer-term concern, but the company will need to address these issues to ensure its sustainability.

Registered in England/Wales under the registration number 13577171, with a registered address at EN9 1AE, England, Waltham Abbey, Unit A2b, Lea Road Trading Estate.

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