Tricast Limited

Tricast Limited, based in London, UK, is a small, active company founded 20 years ago. With seven employees and £396,095 in assets, it operates from a virtual address—a detail flagged by the presence of 466 other companies registered at the same location. The company is led by two directors and a solo founder, Cohen Shimshon, who also owns the business. Tricast is a regular importer of jewelry, precious stones, and metals, with 9 months of import activity recorded, the latest in September 2024.

The company’s website reveals it’s a specialist manufacturer of carbon fibre, glass fibre, and aramid fibre tubes and components. It’s a leading manufacturer, recognized for delivering high-quality products to industries like aerospace, marine, motorsport, and energy. Tricast offers bespoke design and development, prototyping services, and machining and assembly capabilities. It even has a showroom in Harrods, London.

Financially, Tricast shows some concerning trends. Cash reserves decreased by 21% to £36,000, while net assets increased by 26% to £75,000. Trade debtors rose by 12%, suggesting delayed customer payments. Bank borrowings, however, fell significantly by 85%, which is a positive sign. Creditors increased by 29%, and the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The significant increase in other creditors is something to look into. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Tricast seems to be holding its own, but the financial data suggests it’s facing some challenges. The company’s focus on specialized manufacturing and its reputation for quality could help it weather these pressures, but careful management of its finances will be crucial for its long-term success.

Registered in England/Wales under the registration number 05257133, with a registered address at NW8 0DL, United Kingdom, London, 55 Loudoun Road.

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