Union Fasteners Limited

Union Fasteners Ltd, based in Darlaston, UK, is a small holding company with an active status, celebrating 24 years in business. Employing 22 people and boasting assets of £1,411,538, it operates from a real address and is overseen by six directors and one owner. The company regularly imports and exports iron or steel products, with 88 months of import activity and a substantial 647 months of export activity recorded.

The company's website showcases a business specializing in the supply of industrial fasteners, particularly those meeting 8.8, 10.9, and 12.9 grade specifications. Union Fasteners positions itself as a "Made to Deliver" partner for global businesses, offering custom fasteners and fixings for sectors like defence, oil and gas, and renewables. Notably, the website also highlights a separate division, 1066 Pianos, involved in high-end piano restoration—a surprising diversification from the core fastener business.

Financially, Union Fasteners Ltd presents a mixed picture. While current assets increased by 11% to £1.4 million, net assets decreased by 13% to £900,000. Bank borrowings surged by 2,400% to £29,000, and cash reserves fell 62% to £77,000. Creditors, however, decreased by 39%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the equity decline raises concerns. No auditor is mentioned, meaning the financial statements are unaudited.

The company’s growth in exports seems strong, but the increase in bank borrowings and decrease in cash reserves suggest a need for careful financial management. The diversification into piano restoration is an interesting development, but its impact on the company’s overall performance remains to be seen.

Registered in England/Wales under the registration number 04040727, with a registered address at WS10 8XB, Darlaston, West Midlands, Unit 34 Darlaston Central Tradin, Estate Salisbury Street.

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