Weldrite (midlands) Ltd

Weldrite Midlands Ltd from Lichfield UK: a small, active company founded 25 years ago, employs 28 people, and holds £2,182,164 in assets. It operates from a virtual address, is managed by two directors and one owner, and runs an e-commerce site with a solid 4.0 Google rating based on 10 reviews. The company regularly imports iron and steel, with 46 months of import activity recorded.

Weldrite Midlands Ltd specializes in metal fabrication and welding services, catering to a wide range of industries. Its website highlights bespoke welding, automotive pallet solutions, pallet racking, parcel cages, and security screens. The company’s services extend to automotive, construction, aerospace, defence, oil & gas, FMCG, marine shipping, public sector, and education. It boasts over 20 years of experience and operates a UK-based factory with an in-house technical design team.

Financially, Weldrite shows some concerning trends. While current assets increased by 11% to £2.2 million, net current assets decreased by 10% to £380,000. Bank borrowings remained steady at £250,000, but cash reserves dipped to -£8,400. Creditors increased significantly by 16% to £1.8 million, and trade debtors grew by 13% to £1.9 million. 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 rise in creditors and negative cash flow suggest it might be burning through money. There was no auditor mentioned, so the financial information is unaudited.

It seems like Weldrite is doing a good job providing services, but needs to keep a close eye on its cash flow to ensure long-term stability.

Registered in England/Wales under the registration number 03841522, with a registered address at WS13 7AU, Lichfield, Staffordshire, 6 Parkside Court, Greenhough Road.

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