Mastermelt Refining Services Limited

Mastermelt Refining Services Ltd, based in London, UK, is a large holding company with an active status. Established 24 years ago in 2000, the company employs 37 people and holds £1,798,720 in assets. Despite having a registered address, it's considered a virtual address, as 1709 companies share the same location. The business is overseen by four directors and has one owner, boasting a stellar 5.0 Google rating from just three reviews.

Mastermelt specializes in precious metal reclamation and recycling, serving a range of industries including pharmaceutical, chemical, green energy, jewellery, electroplating, and advanced manufacturing. Its website highlights expertise in difficult material processing, hazardous waste recovery, and metal lease rates. The company even celebrates 40 years of excellence in the precious metal recycling industry, investing in cutting-edge recovery techniques. It’s a leader in the field, offering optimised metal recovery from waste streams and even providing services for hydrogen journeys.

Financially, Mastermelt shows some concerning trends. While interest income rose significantly, cash reserves plummeted 72% to £1.4 million. Bank borrowings also increased, reaching £290,000. Net assets declined sharply, falling 66% to £2.1 million. Creditors decreased by 22%, which could indicate improved debt management, but the drop in cash and assets is a cause for concern. Staff costs rose 25%, and net losses deepened, though the company’s large asset base and turnover (exceeding £36 million) suggest it's not on the brink of collapse. The company’s auditor, Saffery LLP, conducted an audit, and the financial statements are prepared in accordance with FRS 102. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 04029877, 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.