Zip-clip Ltd

Zip Clip Ltd from Welshpool UK: a small holding company with an active status, was founded 21 years ago and employs 50 people. The company holds £3,745,726 in assets and operates from a real address, managed by six directors and one owner. It’s a regular importer and exporter of iron or steel products, with 165 months of import activity and 304 months of export activity recorded.

The company’s core business revolves around the manufacture of other fabricated metal products, operating within the industrial sector. Its website is currently unavailable, making it impossible to assess its e-commerce presence or specific product offerings. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Looking at the financial data, Zip Clip Ltd appears to be facing some challenges. Current assets have decreased by 24% to £3,700,000, while net assets have fallen by 15% to £2,200,000. Bank borrowings have also increased significantly, rising by 45% to £730,000. On a positive note, creditors have decreased by 30%, suggesting improved debt management. Cash reserves have also increased by 39% to £130,000. The company’s trade debtors have decreased by 32%, which could be a good sign.

The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, so the financial data relies on unaudited statements. Overall, Zip Clip Ltd seems to be navigating a period of financial pressure, though its long-standing presence in the industry and regular import/export activity suggest a resilient business model.

Registered in England/Wales under the registration number 05014850, with a registered address at SY21 8SS, Wales, Welshpool, Powys, 5 Buttington.

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