Multi-ply Components Limited

Multi-Ply Components Ltd from Blackpool UK: a large company, holding company, active status, founded 26 years ago, 75 employees, £2,213,796 assets, real address, 5 directors, 1 owner, google rating 5.0 based on 1 reviews. Regular importer of optical and medical tools and devices (51 months imported). Regular exporter of optical and medical tools and devices (145 months exported).

Multi-Ply Components Ltd is a well-established manufacturer specializing in carbon fibre components for medical X-ray imaging. Based in Blackpool, England, the company has been operating for 26 years, employing 75 people and holding assets worth £2.2 million. It’s a holding company with five directors and a single owner, and boasts a perfect 5.0 Google rating from one review. The business regularly imports and exports optical and medical tools and devices, with a strong track record of 51 months of imports and 145 months of exports.

The company's core business revolves around designing and manufacturing carbon fibre components, primarily for the medical X-ray market. They partner with global X-ray equipment manufacturers, offering solutions from component design to full-scale production. Their website highlights capabilities in innovation, design, prototyping, tooling, and infrastructure, emphasizing a commitment to quality and cleanliness. They also offer a range of products, including mammography covers, X-ray tables, digital X-ray accessories, and rigid boxes for detectors.

Recent financial data shows some concerning trends. While the company’s net assets increased by 4.8% to £5 million, current assets decreased by 6.8% to £2.2 million. Bank borrowings surged by a significant 400% to £400,000, and cash reserves completely disappeared, falling 100% to zero. Director remuneration increased by 84%, reaching £330,000, which could be linked to the company’s efforts to expand its operations. Trade debtors also decreased by 14%, suggesting a possible tightening of credit terms. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the sharp drop in cash reserves raises questions about its short-term financial health. The company’s auditor, MHA, hasn’t released any information, so the financial statements are unaudited.

Despite these challenges, Multi-Ply Components Ltd appears to be actively pursuing growth. They recently participated in a careers fair to inspire the next generation of advanced manufacturing professionals and are integrating additive manufacturing into their production processes. The company’s 35 years of experience in the industry and its commitment to innovation suggest it’s well-positioned to navigate these pressures and continue serving the medical X-ray market.

Registered in England/Wales under the registration number 03584723, with a registered address at FY4 2FF, England, Blackpool, Nexus Building, Amy Johnson Way.

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