Smart Manufacturing Technology Limited

Smart Manufacturing Technology Ltd, based in Nottingham, UK, is a holding company with a solid 22-year history. Employing 90 people and boasting assets of £16,795,661, the company is actively trading. It’s led by five directors and owned by Zhou Changxiu, a solo founder. The company has a real address and a stellar 5.0 Google rating from four reviews. While it’s an irregular importer, bringing in vehicles, parts, and accessories (not for trains or trams) for a brief period in 2018, its core business is exporting electrical machinery and equipment, with three months of export activity recorded as of October 2023.

The company’s website, though not fully detailed, points to a focus on engineering design activities for industrial processes and production. It seems to provide software and consultancy services, catering to driveline systems from concept to manufacture. It's a niche area, requiring specialized knowledge.

Financially, Smart Manufacturing Technology Ltd presents a mixed picture. While cash and cash equivalents increased by a healthy 18% to £8,000,000, net assets only grew by 3.1% to £17,000,000. Trade debtors decreased by a significant 16%, potentially indicating tighter credit control or slower customer payments. Bank borrowings remained relatively stable, but creditors increased by 30%, suggesting increased reliance on short-term financing. The company's net loss widened to -£1,900,000, a substantial decline from the previous year. The increase in deferred income suggests a change in revenue recognition practices. It’s likely that the company is investing in growth, which could explain the increased expenses. The lack of an auditor mentioned suggests that the company is exempt from an audit, relying on unaudited financial statements.

Overall, Smart Manufacturing Technology Ltd appears to be navigating a period of transition. While its cash position is strong, the widening net loss and increased creditors raise concerns about its long-term financial health. The company’s specialized engineering focus and strong Google rating suggest a solid foundation, but it will need to manage its expenses and maintain its customer base to ensure its continued success.

Registered in England/Wales under the registration number 04570982, with a registered address at NG11 7AT, England, Nottingham, Nottinghamshire, Wilford House 1 Clifton Lane, Wilford.

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