Matt Metal Ltd

Matt Metal Ltd, based in Slough, UK, is a small, active company founded ten years ago. With fourteen employees and £182,730 in assets, it’s a modest operation led by a single director and owner. The company boasts a solid 4.0 Google rating from twenty reviews, indicating customer satisfaction. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with the last import activity recorded two months ago in September 2022.

The company’s website highlights its services as a scrap metal collection and waste disposal business operating in London and the surrounding counties. It offers a range of services, including scrap metal recycling, garden waste collection, and waste removal, catering to both domestic and commercial clients. The website details the types of metal they accept – from aluminium and copper to zinc and lead – and provides pricing information for various waste disposal options. It also emphasizes its commitment to accuracy, fast payments, and environmentally friendly practices.

Financially, Matt Metal Ltd shows some concerning trends. While current assets increased by 22%, reaching £180,000, net assets also grew by 53%, hitting £93,000. However, cash bank on hand decreased by 12%, falling to £63,000. Trade debtors have decreased significantly, dropping 51% to £32,000, which could suggest better cash flow management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in bank borrowings, rising to £29,000, and the significant depreciation impairment on motor vehicles and plant machinery—a 57% and 33% increase respectively—raise questions about its financial health. As a small company, it’s likely exempt from an audit, relying on unaudited statements. It’s also worth noting that the company’s equity has increased, but the increased depreciation could be a sign of investment in equipment.

Registered in England/Wales under the registration number 09194983, with a registered address at SL1 2YA, England, Slough, Admiral Yard Keel Drive, Letter Box 17.

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