Matrix Tooling Services Limited

Matrix Tooling Services Ltd, based in Manchester, UK, is a sizable company with an active status, having been incorporated 27 years ago in November 1997. Employing 62 people, the company holds assets totaling £8,060,562. It operates from a virtual address, as eleven companies are registered at the same location, and is overseen by two directors and one owner. The company boasts a perfect 5.0 Google rating based on six reviews.

The company’s core business revolves around the wholesale of machine tools and providing engineering design services for industrial processes. Their website, matrix tooling.co.uk, highlights a commitment to retaining and developing British manufacturing, offering cutting-edge products and intelligent vending solutions. They also provide engineered solutions and tooling consultancy services, catering to a wide range of sectors including aerospace, medical, and automotive.

Financially, Matrix Tooling Services Ltd presents a mixed picture. While turnover is reported to be over £36 million, and the balance sheet exceeds £18 million, current assets have decreased by 12% to £8.1 million. Bank borrowings have increased significantly, by 170% to £310,000, and cash reserves have fallen by 62% to £430,000. Creditors have also risen by 26%, to £4.4 million, suggesting a need for careful cash flow management. Despite these challenges, the company's net assets have fallen by 33% to £2 million. The company is audited by MHA, and the unaudited figures rely on director-reported data.

The decrease in cash reserves and increase in debt could be attributed to ongoing investment in vending solutions or increased competition within the tooling supply market. The company’s focus on providing expert consultancy and tailored solutions, however, positions it well to maintain customer loyalty and navigate these pressures.

Registered in England/Wales under the registration number 03471031, with a registered address at M22 0RR, England, Manchester, Dakota House, Concord Business Park.

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