Powermet Ltd

Powermet Ltd from West Bromwich UK: small company, holding company, active status, founded 2 years ago, £2,516,922 assets, real address, 3 directors, 3 owners, family business. Regular importer of electrical machinery and equipment (14 months imported). Irregular exporter of copper and copper products (1 months exported). It’s a small, family-run business operating in the electrical and earthing products sector. Founded two years ago, Powermet Ltd employs seven people and boasts a substantial £2.5 million in assets. The company is a holding company, with three directors and three owners, and maintains a real registered address at 130 Roebuck Street.

Powermet’s core business revolves around the supply of electrical and earthing products, primarily through its e-commerce website. The site showcases a wide range of items, from conductors and cable lugs to PPE and exothermic welding systems, catering to industries like lightning protection, telecommunications, and renewable energy. It even offers custom cable cutting services and earthing design solutions, positioning itself as a comprehensive provider. The company’s website also highlights its partnerships with leading brands and its commitment to providing innovative solutions.

Financially, Powermet Ltd shows some interesting trends. Current assets increased significantly, jumping 2,500,000%, reaching £2.5 million—a dramatic rise. However, net assets also increased, rising to £550,000. Bank borrowings increased, reaching £1.7 million, while trade debtors increased to £1.7 million. Cash reserves, however, remained steady at £140,000. Creditors also increased, reaching £1.9 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant increase in debts raises questions about its long-term sustainability. No auditor is mentioned, likely due to its status as a small company, so the financial information relies on unaudited statements.

Overall, Powermet Ltd appears to be a growing business, but it’s important to monitor its debt levels and ensure it can manage its increased obligations. The company’s focus on specialized products and services, along with its commitment to customer support, positions it well for future success, but careful financial management will be crucial.

Registered in England/Wales under the registration number 14793670, with a registered address at B70 6RB, United Kingdom, West Bromwich, West Midlands, 130 Roebuck Street.

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