Tiverton Fabrications Limited

Tiverton Fabrications Ltd from Devon, UK, is a small, active company founded 42 years ago in 1983. With 38 employees and £1,876,894 in assets, it’s a well-established player in its sector. The business operates from a real address and is overseen by four directors, though no owners are officially listed – likely one of the directors holds the shares. It regularly imports optical and medical tools and devices (15 months) and exports miscellaneous manufactured goods (14 months).

The company specializes in machining and fabricating metal and stainless steel vessels, vacuum chambers, cryogenic vessels, welded tubes, and custom cylinders. It caters to a wide range of industries, including medical, pump, cryogenics, scientific instruments, and more, operating from a precision manufacturing site in South West UK. Its website highlights expertise in specialist instruments and bespoke fabrication, offering services from design to finished product.

Financially, Tiverton Fabrications Ltd shows some concerning trends. While revenue seems stable, net assets have fallen by a significant 58% to £460,000. Cash reserves have plummeted 87% to just £26,000, and bank borrowings have increased by 160% to £150,000. Creditors have also decreased, suggesting better debt management. The company meets the criteria for a small business, with turnover under £10.2m and assets under £5.1m. No auditor is listed, likely due to the small company exemption.

The sharp decline in cash and equity is something to watch. While the business has a long history and a diverse customer base, these trends suggest it might be burning through money faster than it’s generating it. It's possible the increase in bank borrowings is to support operations or invest in new equipment, but the lack of cash reserves is a worry.

Registered in England/Wales under the registration number 01693470, with a registered address at EX16 6TG, Devon, Tiverton Business Park, Tiverton.

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