Premium Cutting Services Limited

Premium Cutting Services Ltd, based in Tunstall, UK, is a small, holding company with an active status. Founded eleven years ago in 2013, it employs twenty-six people and holds £666,522 in assets. The company, managed by three directors and one owner, maintains a real address and has a Google rating of 3.0 based on two reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with the last import operation occurring in July 2023.

The company operates in the manufacture of bricks, tiles, and construction products, specifically in baked clay industries. Its website, while not providing detailed e-commerce information, suggests a focus on traditional manufacturing processes. The company 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.

Financially, Premium Cutting Services Ltd presents a mixed picture. Current assets have decreased significantly, dropping 33% to £670,000. Bank borrowings have also increased by 8%, reaching £80,000, while cash reserves have fallen 8.1% to £440,000. Creditors have seen a substantial decrease of 14%, suggesting improved debt management. Trade debtors have plummeted by 59%, which could be a positive sign of quicker payments or a temporary dip in sales. Equity has also declined by 26%, falling to £230,000. The company’s small size helps it stay agile, but the sharp decline in equity and current assets raises questions about its financial health. As a small company, it’s exempt from an audit, so the figures are unaudited. The company’s tax expense represents the sum of the tax currently payable and deferred tax.

Registered in England/Wales under the registration number 08744620, with a registered address at ST6 4HG, United Kingdom, Tunstall, Staffordshire, Units 1 & 2 Scotia Industrial Estate, Scotia Road.

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