Mastermelt Limited

Mastermelt Ltd, based in London, UK, is a sizable holding company with an active status, having operated for 39 years. Employing 46 people and boasting assets of £34,351,602, the company functions from a virtual address, managed by three directors and one owner. It holds a stellar 5.0 Google rating based on 13 reviews. The company regularly imports and exports jewelry, precious stones, and metals, with a substantial 397 months of import activity and 89 months of export activity recorded.

Mastermelt’s core business revolves around precious metal reclamation and recycling, as evidenced by its website. It serves a diverse range of industries, including pharmaceutical, chemical, green energy, jewelry, electroplating, and advanced manufacturing. The company offers services like pharmaceutical waste recovery, precious metal refining, and metal lease rates. It even has a division dedicated to high-end piano restoration, operating from Cambridge and showcasing its work in Harrods. The website proudly celebrates 40 years of excellence in the precious metal recycling industry.

Financially, Mastermelt’s report reveals a mixed bag. While cash reserves increased by a healthy 72% to £10 million, current assets decreased by 11% to £34 million. Bank borrowings have dramatically reduced by 100%, eliminating all outstanding debt, which is a positive sign. However, administrative expenses have surged by 75%, reaching £11 million, and net losses deepened from £3.2 million to £4.3 million. Trade debtors have increased significantly by 150%, suggesting potential challenges in collecting payments. The company’s size (meeting two of three criteria for a large company) and the lack of an auditor mentioned (likely exempt) means the figures are unaudited.

Despite the losses, Mastermelt’s focus on sustainability and technological advancement, combined with its diverse client base, suggests a resilient business model. The sharp increase in administrative expenses warrants further investigation, but the company’s long history and strong industry reputation position it for continued success.

Registered in England/Wales under the registration number 01915713, with a registered address at E1W 9US, United Kingdom, London, 2 Leman Street.

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