Manchester Electroplating Ltd

Manchester Electroplating Ltd, based in Oldham, UK, is a small, active company with a 30-year history. Employing 17 people and holding £521,836 in assets, it's a family business with four directors and two owners, boasting a perfect 5.0 Google rating from three reviews. The company regularly imports optical and medical tools and devices, with five months of import activity recorded.

The company’s website details Manchester Electroplating as a subcontract electroplating and metal finishing company, established in 1995. They’re heavily invested in automated plating plants and maintain their own laboratories to ensure consistent coating thicknesses. Accredited to ISO 9001 2015, they offer a range of finishes, including chrome and gold, and emphasize quality control and fast turnaround times. The website also highlights their chemical analysis and quality testing equipment.

Financially, Manchester Electroplating Ltd presents a mixed picture. Current assets increased by 5.8% to £520,000, while net assets grew by 13% to £580,000. Cash reserves saw a significant jump, rising by 180% to £37,000. However, trade debtors also increased by 19%, reaching £470,000, suggesting a possible reliance on customer payments. Bank borrowings decreased by 22%, which is a positive sign. The company meets two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Manchester Electroplating Ltd appears to be in a reasonably healthy position, with growing assets and cash reserves. However, the increase in trade debtors warrants monitoring. The company's long-standing presence and commitment to quality suggest a stable and well-managed operation, although the numbers could be better.

Registered in England/Wales under the registration number 03060447, with a registered address at OL4 1HH, United Kingdom, Oldham, Lancashire, Units 1-2 Dickinson Street, Mount Pleasant Industrial Estate.

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