Summit Patternmaking Co. Limited

Summit Patternmaking Co. Limited, based in Great Barr, UK, is a small, holding company with an active status. Established 35 years ago in 1990, it employs 37 people and holds assets valued at £2,310,360. The company, with five directors and one owner, maintains a real address and boasts a perfect 5.0 Google rating based on a single review. It’s an irregular importer, primarily dealing in various base metals and cermets, with the last import operation recorded one month ago in October 2023.

The company operates in the other manufacturing n.e.c. industries, and is a holding company. The address is probably real as only one company registered at the address. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

While the company website is not available, the financial data paints a mixed picture. Over the last year, the company's net assets decreased by 8.7% to £1,600,000, while bank borrowings increased significantly by 330% to £480,000. Cash reserves, however, saw a dramatic increase, jumping 7,100% to £140,000. Trade debtors also rose by 12%, suggesting potential delays in customer payments. Creditors increased by 32%, which could be a result of increased stock levels. The company’s small size helps it remain agile, but the decrease in equity raises questions. No auditor is mentioned, likely due to the company’s exemption as a small company.

The company’s financial data indicates a period of adjustment. The increase in cash reserves is a positive sign, but the rise in bank borrowings and the decrease in net assets warrant close monitoring. It's likely the company is investing in its business, but it's important to ensure that these investments translate into sustainable growth.

Registered in England/Wales under the registration number 02504893, with a registered address at B44 8NH, Great Barr, Birmingham, Paper Mill End, Off Aldridge Road.

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