West Midlands Fasteners Limited

West Midlands Fasteners Ltd, based in Kidderminster, UK, is a small, active company established 44 years ago. With 13 employees and £720,525 in assets, it operates from a virtual address, a detail that’s a little unusual. The business is led by four directors and owned by two individuals, and it runs an e-commerce site, earning a respectable 4.0-star Google rating from 16 reviews. They regularly import iron or steel products, with 27 months of import activity recorded, the latest in March 2024.

The company’s website showcases a wide range of quality fasteners and fixings, catering to industrial and construction needs. It’s clear they’re focused on online sales, with a minimum order of just 10, and emphasize fast delivery and an extensive selection. They also highlight partnerships with brands like Lindapter and Ruko, and even offer power tool accessories. The website’s design is clean and functional, with clear product categories and a user-friendly shopping experience.

Financially, West Midlands Fasteners Ltd shows a mixed picture. Current assets declined by 14% to £720,000, while net assets increased by 3.3% to £400,000. Cash reserves grew significantly by 91% to £140,000, a positive sign. However, creditors decreased by 31% to £350,000, suggesting a need to manage debts. Trade debtors decreased by 3.2% to £360,000. 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 nimble, but the decrease in current assets is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, West Midlands Fasteners Ltd appears to be a well-established business with a solid online presence, but the recent financial trends suggest a need for careful management. The company's long history and strong Google rating indicate a loyal customer base, but the virtual address is a bit odd.

Registered in England/Wales under the registration number 01560855, with a registered address at DY10 2AW, Kidderminster, Worcestershire, 25 Church Street.

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