Skar Precision Mouldings Limited

Skar Precision Mouldings Ltd, based in Ipswich, UK, is a large, holding company with an active status, celebrating 56 years in business. Employing 75 people and boasting assets of £4,236,936, the company generated a yearly revenue of £8,161,562. With four directors and one owner, and a stellar 5.0 Google rating from five reviews, it’s a well-regarded operation. The company has a real address and is registered with only one other company at the same location.

The company specializes in plastic injection moulding, serving industries ranging from medical device manufacture to retail. Their website highlights a focus on design support, product storage, and flexible delivery options, emphasizing over 50 years of innovation and ISO 9001, ISO 14001, and ISO 45001 certifications. Skar Precision Mouldings is positioned as East Anglia’s leading injection moulding company, catering to clients across the UK, Europe, and the world. Their services include design, tool design, manufacturing, assembly, and delivery.

Financially, Skar Precision Mouldings Ltd presents a mixed picture. While turnover remained steady at £8,161,562, net assets dipped slightly to £3,600,000. Bank borrowings decreased by 6.2% to £130,000, and cash reserves saw a significant boost, increasing by 58% to £1,200,000. However, trade debtors increased by 890%, suggesting potential issues with customer payments. Creditors also rose by 35%, indicating increased short-term liabilities. The company’s large size (meeting two of three criteria for a large company) suggests a stable foundation, but the rise in debtors and creditors warrants closer scrutiny. No auditor is mentioned, likely due to the company’s size.

Overall, Skar Precision Mouldings Ltd appears to be a well-established player in its sector, though recent financial trends suggest a need for careful management of working capital. The company’s long history, strong certifications, and positive customer reviews indicate a solid reputation, but the increase in debtors and creditors could be a cause for concern.

Registered in England/Wales under the registration number 00949310, with a registered address at IP7 6AZ, United Kingdom, Ipswich, Suffolk, Skar Precision Mouldings Ltd Lady Lane Industrial Estate, Hadleigh.

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