Lti Metaltech Limited

Lti Metaltech Limited, based in Abingdon, UK, is a large, active company established 20 years ago. Employing 112 people and boasting assets of £16,449,217, it’s a significant player in the UK’s metal fabrication industry. The company, which has three directors and no reported owners, maintains a real address and enjoys a stellar 5.0 Google rating based on six reviews. It regularly imports optical and medical tools and devices (for 61 months) and exports iron or steel products (for 3 months).

The company specialises in pressure vessel manufacturing, precision fabrication, and welding for highly regulated industries like healthcare, renewable energy, and nuclear fusion. Operating from Oxfordshire, Lti Metaltech leverages both robotics and skilled workforce to produce high-quality pressure vessels, particularly cryogenic ones. Its website highlights a commitment to ISO standards and showcases capabilities in design, testing, and QHSER (Quality, Health, Safety, Environment, Responsibility). They even have a sister company, LTi Vessco, which handles bespoke, low-volume projects.

Financially, Lti Metaltech Limited presents a mixed picture. While turnover increased by 6.3% to £26 million, net assets decreased by 8.7% to £12 million. Cash bank on hand fell by 26% to £540,000, and cash cash equivalents dropped a dramatic 82% to £540,000. However, staff costs decreased slightly, and creditors also saw a small reduction. Bank borrowings surged, and there was a significant increase in director remuneration. The company’s average number of employees increased by 3.6% to 120. The company’s deferred tax expense credit relating to origination reversal timing differences was a negative -£56,000, which is a change from the previous year. The company’s audit was conducted by Shaw Gibbs (Audit) Limited.

These shifts could be attributed to several factors, such as investments in automation, fluctuating raw material costs, or changes in customer demand. The company’s continued focus on high-value sectors like nuclear fusion suggests a strategy of targeting resilient markets, but the decline in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 05300889, with a registered address at OX14 4SD, Abingdon, Oxfordshire, 163 Brook Drive, Milton Park.

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