# CUTWEL LIMITED (03202912)

> CUTWEL LIMITED is an active private limited company (company number 03202912) incorporated on 23 May 1996, registered in Cleckheaton. Its registered activity is wholesale of machine tools (SIC 46620). Latest full accounts cover the period ending 30 April 2025, showing net assets of £5.09m and cash of £2.32m, with 94 employees on average. Net assets fell 63% on the prior period (£13.80m).

- Status: Active
- Incorporated: 1996-05-23
- Registered office: Cleckheaton, BD19 4DH
- SIC 46620: Wholesale of machine tools
- Next accounts due: 2027-01-30
- Confirmation statement due: 2027-06-06
- Accounts type: FULL

By net assets it sits in the top quarter of 566 comparable companies in the UK (median £33k, upper quartile £222k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-04-30 | £5.09m | £2.32m | £4.69m | £6.01m | — | £4.34m | 94 |
| 2024-04-30 | £13.80m | £941k | £12.93m | £4.13m | — | £5.18m | 94 |
| 2023-04-30 | — | — | — | — | — | — | — |

current ratio 1.79; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £5,091,887 at 30 April 2025
- Net assets down 25% or more on the prior period: -63.1% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 1.79
- Cash at bank of £50,000 or more: Cash £2,320,704
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 23 May 1996

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Project Milan Bidco Limited (corporate-entity) — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2025-06-18

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/03202912
HTML: https://firmoscan.com/company/03202912-cutwel-limited