Tufting Machinery Services Limited

Tufting Machinery Services Limited, based in Accrington, UK, is a small, holding company with an active status, established 22 years ago in 2002. Employing 19 people, the company holds assets worth £1,264,737. It operates from a real address at Huncoat Business Park and is overseen by two directors and one owner. Google reviews give it a perfect 5.0 rating based on a single review. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 48 months of import activity and 62 months of export activity recorded.

The company’s website highlights its expertise in manufacturing and servicing tufting machinery for various industries. It caters to the domestic, automotive, sports, and commercial sectors, offering design, manufacture, service, refurbishment, and spare parts. A key focus is on high-performance mechanisms and bespoke machines. The website also mentions a history stretching back to 2001, with over 200 years of collective experience in the supply of machines.

Financially, Tufting Machinery Services Limited’s recent performance presents a mixed picture. Current assets have significantly dropped by 40%, falling to £1,300,000. Net assets have also plummeted by 53%, down to £700,000. Bank borrowings have increased, and cash reserves have decreased, suggesting potential cash flow challenges. Trade debtors have also decreased, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity warrants attention. The company is exempt from an audit, so the financial statements are unaudited.

While the business appears to be well-regarded for its services and expertise, the financial data indicates a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 04493170, with a registered address at BB5 6NT, United Kingdom, Accrington, Unit R 14 Newhouse Road, Huncoat Business Park.

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