78 Engineering Limited

78 Engineering Ltd from Ulcombe UK: a small, active company founded seven years ago, employs six people, and holds £208,720 in assets. It’s a family business with two directors and two owners, operating from a real address and acting as an irregular importer of machinery, boilers, and mechanical appliances – parts, with a recent import recorded just one month ago. The company’s core business lies in the manufacture of other fabricated metal products, repair of machinery, and wholesale of machinery and equipment.

The company’s website is not available, so it’s difficult to determine if it’s an e-commerce operation. However, the business appears to be focused on B2B sales, supplying industrial equipment and services.

Financially, 78 Engineering Ltd shows a mixed picture. Current assets have fallen by 22%, dropping to £210,000. Equity has also taken a hit, decreasing by 67% to £28,000. Bank borrowings have decreased by 17%, to £27,000. Creditors have increased significantly, rising by 230%, to £51,000. The company’s small size—meeting two of three conditions for being a small company—allows for flexibility, but the decline in equity is concerning. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, and the financial statements are unaudited.

The company’s net losses deepened from -£10,000 to -£23,000, while cash reserves plummeted 71% to just £4,100. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000.

Registered in England/Wales under the registration number 10854313, with a registered address at ME17 1HD, England, Ulcombe, Kent, Unit 2, White Rails Yard, Headcorn Road.

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