Norfran Limited

Norfran Limited, a holding company based in Glasgow, UK, has been active for 15 years, employing 88 people and holding assets of £3,819,523. Founded on June 29, 2009, the company operates from a real address and is led by three directors and one owner, Stirrat David Kerr. It also runs an e-commerce site. Norfran regularly imports electrical machinery and equipment (34 months) and exports machinery, boilers, and mechanical appliances (63 months), with the last operations both occurring in January 01, 2025.

The company’s website showcases a focus on aluminium and zinc die casting, CNC machining, finishing, and outsourcing logistics. It provides services to clients from design and project management to product delivery, catering to industries requiring precision metal components. They even boast industry awards, including Manufacturer of the Year and Business of the Year. The website also lists contact details for various departments, including sales, production, and quality control, offering a direct line to their expertise.

Financially, Norfran Limited demonstrates some interesting trends. Cash bank on hand has seen a significant boost, increasing by 52% to £1.2 million, which is good news. However, current assets have decreased by 20% to £3.8 million. Trade debtors have fallen by 41%, and net assets have increased by 2.7% to £4.7 million. Bank borrowings have decreased by 64%, suggesting improved financial management. Creditors have also fallen by 38%, further indicating a healthier balance sheet. Despite these improvements, the company’s net loss has remained consistent, at £81,000. The lack of an auditor is not unusual for a company of this size, and the figures are unaudited.

Overall, Norfran Limited appears to be a stable, albeit small, holding company navigating a competitive market. The increase in cash reserves and decrease in debt are encouraging signs, but the consistent losses warrant close monitoring. The company's focus on specialized metal casting services and its commitment to quality, as evidenced by its website and industry awards, position it for continued success, although the company is burning through money like a startup.

Registered in Scotland under the registration number SC361880, with a registered address at G52 1BH, Scotland, Glasgow, 121 Barfillan Drive.

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