Mettex Electric Company Limited

Mettex Electric Company Limited, based in Banbury, UK, is a well-established firm with a 51-year history. Currently employing 65 people, the company holds assets worth £4,313,524 and generates an annual revenue of £9,383,374. It’s a large company, meeting two of three criteria for size: turnover exceeding £36 million and a balance sheet total exceeding £18 million. The company’s real address suggests a physical presence, and it’s managed by four directors and a single owner. A perfect 5.0 Google rating from one review speaks to its reputation.

Mettex specializes in the manufacture and supply of braided wire products, as evidenced by its website. The company imports copper and copper products regularly—160 months of import activity—and exports electrical machinery and equipment for 33 months. Its website showcases a diverse range of products, from flat braid to flexible connectors, catering to various industrial applications. The company even offers custom overbraiding services.

However, a closer look at the financial data reveals some concerning trends. While cash and cash equivalents remain stable at £1,600,000, net assets have decreased by 6.8% to £5,600,000. Bank borrowings have increased by 2400% to £29,000, and trade debtors have ballooned by 890% to £1,700,000. Creditors, however, have decreased by 18%, suggesting improved debt management. The company’s lack of employees (zero reported) hints at a lean, possibly solo operation. With no auditor mentioned (exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Mettex Electric Company Limited appears to be a reputable, long-standing business. However, the recent financial data suggests some challenges, potentially related to increased borrowing and delayed customer payments. Whether the company can maintain its strong market position and address these financial pressures remains to be seen.

Registered in England/Wales under the registration number 01138730, with a registered address at OX16 4SP, England, Banbury, Mettex Electric Co Ltd, Thorpe Way.

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