Metal Developments Limited

Metal Developments Limited, based in Wellington, UK, is a small holding company with an active status. Established 22 years ago in 2003, the company employs 42 people and holds assets totaling £1,019,467. It has a real registered address and is overseen by four directors and one owner. Its Google rating stands at a perfect 5.0 based on 19 reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts (for 12 months), and exports electrical machinery and equipment (for 4 months).

The company’s website showcases Woodwarm Stoves, a brand specializing in the manufacture and sale of stoves. The site highlights a range of models, including the Phoenix Eco, Fireview Eco, and Vintage lines, catering to diverse customer preferences. It also mentions a separate division, 1066 Pianos, which restores and sells high-end pianos—a surprising diversification for a company primarily focused on stoves. The website emphasizes quality, accreditation (clearSkies, SIA, Ecodesign Ready), and even offers a heat calculator to assist customers in selecting the right stove.

Financially, Metal Developments Limited’s report paints a mixed picture. Current assets have declined by 32% to £1,000,000, while net assets have fallen 10% to £1,400,000. Bank borrowings have decreased by 20% to £390,000, and cash reserves have plummeted 97% to just £10,000—a significant drop. Trade debtors have also decreased by 50% to £230,000. 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 sharp decline in cash reserves raises concerns. There’s no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Metal Developments Limited appears to be navigating a period of financial pressure, despite its strong brand reputation and diverse product offerings. The surprising inclusion of 1066 Pianos adds an element of intrigue, suggesting a broader business strategy beyond the core stove manufacturing operations.

Registered in England/Wales under the registration number 04739742, with a registered address at TA21 0LR, United Kingdom, Wellington, Somerset, Victor House, Greenham Business Park.

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