Mormet (aluminium) Limited

Mormet Aluminium Ltd from Tamworth UK: a small, active company founded 27 years ago, employs 12 people, and holds assets worth £3,186,996. It’s a real address, managed by three directors and one owner. The company regularly imports basic metal tools and utensils (15 months) and exports various base metals and cermets (7 months).

Based in Tamworth, near junction 10 of the M42, Mormet Aluminium specializes in processing and recycling new production alloys of aluminium and non-ferrous metals. The company handles large volumes both domestically and internationally, emphasizing close relationships with suppliers and customers. It operates a modern works equipped to bale, shear, and sort materials, even offering a factory clearance service. The website highlights its expertise in aluminium scrap, non-ferrous metals, and waste transfer, and even offers a gallery to view their work.

Financially, Mormet Aluminium shows a mixed picture. Current assets increased by 11% to £3.2 million, while net assets decreased by 6.5% to £1.6 million. Bank borrowings surged by 50% to £1.8 million, and cash reserves increased by 4.9% to £190,000. Creditors decreased by 21%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for flexibility, but the equity decline warrants attention. No auditor is mentioned, as the company is likely exempt.

The company’s financials suggest it’s facing some pressures, but it’s still holding steady. The surge in bank borrowings is something to watch, but the decrease in creditors is a positive sign.

Registered in England/Wales under the registration number 03367095, with a registered address at B77 4RP, Tamworth, Staffs, Units 42-46 Amber Close, Amington Industrial Estate.

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