Inox Passivation Ltd

Inox Passivation Ltd, based in Barnsley, UK, is a small, active company founded five years ago. With three employees and £304,684 in assets, it operates from a virtual address—a detail worth noting as nineteen companies share the same location. The business is led by two directors and a solo founder, Brook Neil Anthony, and has a real registered address. While the company is active, it's a bit of an irregular importer and exporter. It imports soaps, cleaning products, and waxes for a couple of months, and exports machinery and mechanical appliances for a similar timeframe.

The company’s website reveals a specialized focus: providing passivation services for stainless steel. They cater to industries like pharmaceuticals, medical, food & beverage, and power generation, offering a range of cleaning and chemical processes to optimize stainless steel surface conditions. They even have a blog with helpful articles on topics like stainless steel pickling and derouging.

Financially, Inox Passivation Ltd shows some interesting trends. Cash reserves have seen a dramatic increase, jumping 350% to £290,000, which is a positive sign. However, trade debtors have plummeted by a significant 64%, suggesting a potential issue with customer payments or a shift in credit policies. Creditors, on the other hand, have risen considerably—nearly 500%—to £140,000, which could indicate increased borrowing or supplier costs. The company's net assets have doubled to £200,000, a good sign, but the sharp drop in debtors warrants further investigation. As a small company (meeting two of three conditions for size), it’s exempt from an audit, so the figures are unaudited. The company’s focus on specialized services and the growth in cash reserves suggest a business with potential, but the fluctuating debtor and creditor balances need to be monitored closely.

Registered in England/Wales under the registration number 12055500, with a registered address at S71 3HR, England, Barnsley, South Yorkshire, Deb House 19 Middlewoods Way, Wharncliffe Business Park, Carlton.

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