Midland Carbides Limited

Midland Carbides Ltd from Ashby De La Zouch UK: a small company, holding company, and active status, was founded 59 years ago in 1965. It employs 12 people and holds assets worth £1,575,017. The company has a virtual address, with nineteen other companies registered at the same location. It’s run by two directors and two owners, and operates in the machining industries. The company regularly imports miscellaneous chemical products (for 4 months) and exports basic metal tools and utensils (for 21 months).

The company’s website, Midland Carbides, specializes in tungsten carbide products, manufacturing custom parts for a wide range of applications. Starting small, the company moved to its current home in Ashby de la Zouch in 1990, expanding its workforce and machinery. It prides itself on high-quality, precision parts and industry-leading delivery times. The website highlights a core business of creating special parts to customer specifications, even offering quantities in excess of 5,000.

Financially, Midland Carbides Ltd’s recent performance is a bit of a mixed bag. Current assets have decreased significantly by 43%, dropping to £1,600,000. Bank borrowings have also increased, and cash reserves have fallen by 73%, leaving just £410,000. However, creditors have decreased by 6.1%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the financial statements are unaudited.

It seems the company is facing some financial pressures, but it’s still operating and providing a specialized service. The company’s long history and focus on custom manufacturing should help it navigate these challenges, although a deeper look at the financials would be needed to fully assess its long-term health.

Registered in England/Wales under the registration number 00848471, with a registered address at LE65 1AB, Ashby De La Zouch, Leicestershire, Prince William House, 10 Lower Church Street.

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