Wicks & Martin Limited

Wicks & Martin Limited, based in Bromyard, UK, is a small, active company with a long history, having been founded 53 years ago in 1972. The company employs 13 people and boasts assets of £918,503. With five directors and two owners, it operates from a real address and has a solid foundation. The business regularly imports miscellaneous metal items (5 months of imports) and exports electrical machinery and equipment (3 months of exports).

The company specializes in manufacturing bespoke cable solutions, a tradition dating back to 1957 when it began as Wicks and Martin LTD. Their website highlights a focus on producing mechanical control cables and wire rope assemblies, catering to a broad range of industries. They also offer cable manufacturing to customer drawings and samples, with quality assured through ISO 9001 accreditation since 2008. The company's website also mentions a piano restoration division, which seems to operate separately.

Financially, Wicks & Martin Limited shows a generally positive trend. Current assets increased by 8.1% to £920,000, while net assets rose by 7.1% to £1.1 million. Cash bank on hand saw a significant increase of 19%, reaching £660,000. However, trade debtors decreased by 18%, which could indicate tighter credit control or slower customer payments. The company’s size—meeting two of three criteria for a small company—allows for flexibility, but the increase in bank borrowings by 10% suggests a reliance on external financing. No auditor is mentioned, likely due to the company’s exemption as a small entity.

It appears Wicks & Martin Limited is in a relatively healthy position, leveraging its long-standing reputation and quality focus to maintain a stable financial footing. The expansion of its product offerings and continued investment in quality management systems seem to be contributing to its success.

Registered in England/Wales under the registration number 01042507, with a registered address at HR7 4HT, Bromyard, Herefordshire, Three Mills Trading Estate, Station Road.

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