Saturn Machine Knives Limited

Saturn Machine Knives Ltd from Sheffield UK is a small, active company founded 22 years ago. With 25 employees and £913,278 in assets, it’s a well-established player in its sector. The company boasts a real address, is overseen by three directors, and owned by two individuals. It regularly imports and exports basic metal tools and utensils, with 76 months of import activity and 29 months of export activity recorded.

The company specializes in the manufacture of precision industrial knives and blades, supplying high-performance components worldwide. Its website showcases a broad range of products and services, including custom-engineered components and blade sharpening. It also acts as the UK’s exclusive distributor of MVM blade and knife grinding machines. The website highlights a focus on serving industries like rubber tyre recycling, textile recycling, plastic recycling, and metal recycling. It even has a section for "Shop by Manufacturer" listing a large number of machine manufacturers.

Financially, Saturn Machine Knives Ltd shows some concerning trends. While cash reserves increased by a healthy 39% to £160,000, net assets decreased by 12% to £580,000. Bank borrowings fell significantly, by 36%, to £18,000, which is good news. However, trade debtors remained relatively stable, and creditors increased by 26% to £390,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in equity suggests a need for careful financial management. No auditor is mentioned, which is common for small companies. Accumulated depreciation on plant machinery increased by 14%, and intangible assets decreased by 20%, which could be due to amortization. The company’s unaudited statements rely on director-reported data.

Overall, Saturn Machine Knives Ltd appears to be a solid, established business, but the recent financial trends warrant close monitoring. The company's focus on niche markets and its exclusive distribution agreement for MVM grinders provide a strong foundation for future growth, but managing its creditors and maintaining a healthy equity position will be crucial.

Registered in England/Wales under the registration number 04498316, with a registered address at S9 4WJ, Sheffield, Unit 12 Parkway Close.

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