Tanfield Metal Spinners Ltd

Tanfield Metal Spinners Ltd, based in Washington, UK, is a small, active company founded 26 years ago in 1998. With 28 employees and £1,025,419 in assets, it’s a well-established player in its field. The company operates from a real address and is overseen by five directors, with Haley David as the sole owner. It regularly imports electrical machinery and equipment (20 months) and exports iron or steel products (17 months).

The company’s website details a specialist metal spinning business offering a wide range of services, from bespoke spinning to precision engineering and laser cutting. They cater to sectors like agriculture, automotive, and renewable energy, boasting the largest tooling range in the UK. They even offer a free drawing service for customers who don’t have one, and pride themselves on quick quotes (within 24 hours). The site also highlights a commitment to British manufacturing and offers a mailing list for updates.

Financially, Tanfield Metal Spinners Ltd’s report reveals a mixed picture. While cash bank on hand increased by 38%, net assets declined by 9.3% to £1.9 million. Bank borrowings have increased significantly, with both overdrafts and loans rising by 21% and 89% respectively. Creditors have also jumped considerably, up 62%, suggesting an increased reliance on external financing. Despite this, trade debtors have decreased, indicating improved debt collection. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in equity is something to keep an eye on. Depreciation on plant machinery has increased, but the company’s overall revenue has remained steady. No auditor is mentioned, which is common for small companies.

Overall, Tanfield Metal Spinners Ltd seems to be navigating a period of change, balancing growth with increased borrowing. The company’s focus on specialized services and British manufacturing positions it well, but the financial data suggests a need for careful management.

Registered in England/Wales under the registration number 03560170, with a registered address at NE37 1HB, Washington, Tyne & Wear, 6 Parsons Road, Parsons Industrial Estate.

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