Trimat Limited

Trimat Ltd, based in Brierley Hill, UK, is a small, holding company with an active status, having operated for 34 years. Employing 23 people and holding assets of £1,511,769, the company has a real address and is managed by three directors and a single owner. It’s a regular importer and exporter, specializing in stone, plaster, cement, and similar material products – importing for 31 months and exporting for a more substantial 80 months.

The company’s core business revolves around the manufacture of friction materials, specifically for power transmission, drive technology, elevator systems, wind power, marine applications, and more. Its website highlights a focus on high-quality, asbestos-free products, serving a wide range of industries from mining to agriculture. The company even provides bespoke solutions, collaborating with clients to develop materials tailored to their specific needs, using advanced materials like Kevlar and Panox.

Financially, Trimat Ltd presents a mixed picture. While current assets remained stable at £1,500,000, net assets declined by a modest 1.5% to £1,400,000. Bank borrowings increased significantly by 200%, reaching £150,000, while cash reserves fell by 37% to £280,000. Trade debtors rose sharply by 58%, suggesting a potential increase in outstanding customer payments. Creditors also increased by 17%, and other creditors saw a massive 220% jump, which could indicate increased supplier costs or new credit lines. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

The company’s financial data suggests it is navigating a period of change, perhaps due to increased material costs or investment in new equipment. The continued demand for its products, as evidenced by its long history of import and export activity, indicates a solid market position, but careful management of its debts will be crucial for its continued success.

Registered in England/Wales under the registration number 02557968, with a registered address at DY5 1UF, Brierley Hill, West Midlands, Narrowboat Way, Hurst Business Park.

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