Advance Engineering (uk) Ltd

Advance Engineering (uk) Ltd, based in King's Lynn, UK, is a small, active company established fifteen years ago. With forty-eight employees and £4,625,224 in assets, it's a family business founded by a solo entrepreneur and currently managed by two directors and two owners. The company operates from a real address on Rollesby Road, Hardwick Industrial Estate, and is registered under the number 07157993. Its core business involves the manufacture of metal structures and parts, offering a full range of engineering expertise.

The company’s website highlights its services, including design (2D and 3D), fabrication (including EN1090 welding), pipework installations, profiling, folding, machining, onsite maintenance, and project management. It caters to various industries, emphasizing quality and customer satisfaction. The site also points to apprenticeship and career opportunities, showcasing a commitment to developing talent.

Financially, Advance Engineering Ltd shows some interesting trends. Accumulated depreciation on plant and machinery has increased by 26%, indicating ongoing investment in equipment. Cash bank on hand has grown by a substantial 53%, suggesting improved liquidity. However, corporation tax payable has risen significantly by 81%, and creditors have decreased by 46%, which could indicate some financial pressure. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in depreciation and tax obligations warrants attention. The unaudited figures, as is typical for small companies, rely on director-reported data.

Overall, Advance Engineering (uk) Ltd appears to be a stable, growing business, but the rising tax burden and fluctuating creditor balances suggest a need for careful financial management.

Registered in England/Wales under the registration number 07157993, with a registered address at PE30 4LS, England, King's Lynn, 27 Rollesby Road, Hardwick Industrial Estate.

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