Pilamec Limited

Pilamec Ltd from Lydney UK is a small, active company founded 49 years ago, in 1976. With nine employees and £205,047 in assets, it operates from a real address and is overseen by four directors and three owners. The company regularly imports iron and steel (eight months of activity, last import in October 4th, 2024) and exports it irregularly (two months, last export in April 1st, 2024). Pilamec is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Pilamec specializes in milling, sizing, and supplying metal powders, offering a comprehensive range of services and equipment. Its website details a business focused on crushing, milling, sieving, blending, and repacking services, as well as supplying metal powders, recycling materials, and providing laboratory testing facilities. It caters to specialist, high-specification applications across various industries, boasting over 40 years of experience and ISO9001 approval. The company even offers UK agent distributor opportunities. The website also showcases a division focused on high-end piano restoration, operating from Cambridge with a showroom in Harrods.

Financially, Pilamec Ltd presents a mixed picture. Accumulated depreciation impairment for plant machinery increased by 8.4% to £170,000, while cash bank on hand jumped a substantial 100% to £77,000. However, current assets remained relatively stable at £210,000, and trade debtors decreased by 24% to £110,000. Equity saw a significant boost, rising 47% to £100,000, suggesting improved retained earnings. The company’s small size (meeting two of three criteria) allows for flexibility, but the fluctuations in debt and the lack of an auditor (likely exempt as a small company) warrant close monitoring. It seems the company is doing well, but it is important to keep an eye on the debt.

Registered in England/Wales under the registration number 01258472, with a registered address at GL15 4EJ, England, Lydney, 16-19 Lydney Industrial Estate Harbour Road.

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