CUTWEL LIMITED
Company number 03202912 · Monitor this company
Executive summary
Cutwel Limited remains a fundamentally sound trading business with strong market position, improved gross margins, and adequate cash generation. However, the recent leveraged acquisition by Project Milan Bidco Limited and the associated £13.1M dividend extraction have dramatically weakened the balance sheet, reducing net assets by 63% and increasing the leverage ratio from 0.30x to 1.18x. Credit facilities should be approved conditionally with covenant protections including minimum net worth requirements, dividend restrictions, and parent company guarantees to mitigate the heightened financial risk from the new ownership structure.
Shareholders' funds
£5,091,887
Balance sheet as at 2025-04-30
What it does
The princip
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1996-05-23
- Employees
- 94 (2025 accounts)
- Registered office
- Unit A, Riverside Drive, Cleckheaton, England, BD19 4DH
- Postcode
- BD19 4DH
- Capital
- 10,000 GBP
- Accounts category
- Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-04-30
- Next due by
- 2027-01-31
- Financial year end
- 30 April
Confirmation statement
- Last statement dated
- 2026-04-27
- Next due by
- 2027-05-11
Nature of business (SIC)
- 46620 Wholesale of machine tools
Officers 3 current · 6 resigned
Group structure
Controlled by PROJECT MILAN BIDCO LIMITED — since 2025-06-18
Controlled by CROSSCO (1432) LIMITED — since 2018-05-18
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — ZA323357 (Tier 2), registered since 2018.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- cutwel.co.uk
- Phone
- 0123456789, 01924 869660
Cutwel is one of the UK's leading engineering cutting tool suppliers. With over 25,000 products stocked, we are unbeatable on quality & value. Buy Now.
Previous company names
| Name | Date changed |
|---|---|
| TOOLS-R-US (U.K.) LIMITED | 1996-10-03 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| 35 WESTGATE, HUDDERFIELD, HD1 1PA | 2018-05-25 |
| NATWEST BANK CHAMBERS, HECKMONDWIKE, WEST YORKSHIRE WF16 0HU | 2004-06-04 |
| ROYD HOUSE, 286 MANNINGHAM LANE, BRADFORD, BD8 7BP | 2001-03-22 |
Among its peers
Top 25%
by shareholders' funds, of 13 similar companies in BD
The largest employer among its local peers (94 staff).
Trading since 1996.
Competitors Bradford
This company ranks 2 among wholesale of machine tools in Bradford.
The class of 1996
45%
of the 41,233 companies incorporated in 1996 are still active today; 52% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2019-04-04
- Where
- West Yorkshire
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| YY119563 | West Yorkshire | Leasehold | 2019-04-04 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.