Ital-cutlery Services Ltd

Ital Cutlery Services Ltd from Brockley UK: a small, active company founded 16 years ago, employs 19 people, and holds £556,439 in assets. The company, with a real address, is managed by one director and has no listed owners, boasting a stellar 5.0 Google rating from 20 reviews. It’s an irregular importer of machinery, boilers, and mechanical appliances; parts, with the last import activity occurring two months ago.

The company operates as a third-generation family business, specializing in professional knife grinding and rental services for restaurants, butchers, and the catering trade. Its rental service means clients never need to buy another knife, saving money and reducing waste. The company also has an online store selling a range of cutlery, catering accessories, and slicer machines. The website highlights a focus on quality, with services including knife sharpening and chopping board repair.

Financially, Ital-Cutlery Services Ltd presents a mixed picture. Accrued liabilities have decreased significantly, dropping 81% to £5,400 within a year, which is good. However, depreciation on plant machinery increased by 16%, and on vehicles, by a hefty 41%, suggesting investment or aging equipment. Cash reserves have surged by an impressive 100% to £190,000, a positive sign, but bank borrowings also fell by 42%. Creditors decreased by 42%, suggesting better debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the changes in depreciation rates should be monitored. The accounts are unaudited, as is typical for small companies.

Registered in England/Wales under the registration number 06774756, with a registered address at SE4 1TD, Brockley, London, Rear Of 47 Manor Avenue.

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