Jazzcnc Ltd

Jazzcnc Ltd, based in Pontefract, UK, is a small, active company founded seven years ago in 2018. With two employees and £13,324 in assets, it operates from a real address and is managed by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances, with parts being imported for five months, the last operation occurring in July 2022.

Jazzcnc’s website showcases a focus on CNC router manufacturing and sales. The company designs and sells bench-mounted and free-standing CNC routers, emphasizing affordability, space efficiency, and industrial-spec components. The website details machine specifications, optional extras like wireless pendants and spindle upgrades, and pricing starting from £5,300 (inc. VAT) for a bench-top model. It's clear that the company is targeting hobbyists and small businesses seeking accessible CNC machining capabilities.

Financially, Jazzcnc Ltd presents a mixed picture. Current assets have doubled to £13,000, a positive sign, but net assets have decreased by 42% to -£30,000. Bank borrowings have increased significantly, and cash reserves have fallen, indicating a potential cash flow squeeze. Creditors have also risen, suggesting the company is relying on credit to manage its operations. The company meets the criteria for a small company, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, meaning the accounts are unaudited.

Overall, Jazzcnc Ltd seems to be navigating a challenging financial landscape. While its CNC router business appears to be well-positioned, the company needs to address its declining equity and manage its cash flow to ensure long-term sustainability. It's likely the company is burning through money like a startup.

Registered in England/Wales under the registration number 11320033, with a registered address at WF8 3JD, England, Pontefract, Shooters Hill Cottage Great North Road, Wentbridge.

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