Amtek Precision Engineers Limited

Amtek Precision Engineers Ltd from Torquay UK: a small holding company with an active status, founded 22 years ago, employs 27 people, and holds assets valued at £998,321. The company, boasting a perfect 5.0 Google rating from five reviews, has four directors and one owner, operating from a real address. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances, with parts imported for three months and exported for three months.

The company specialises in the manufacture of plastic injection mould tools and precision CNC machined components, a business they’re been doing since 1984. Their website highlights a commitment to quality, offering cast-iron guarantees and short lead times. They work with trusted brands and invest in the best machinery and technology, even announcing a six-figure investment in ERP software and collaborating on ventilator production during the pandemic. The company’s website also mentions a division dedicated to piano restoration, a seemingly unrelated but prestigious venture.

Financially, Amtek Precision Engineers Ltd presents a mixed picture. Current assets have increased by 11.0% to £1,000,000, while net assets have increased by 42.0% to £230,000. However, bank borrowings have decreased by -4.8% to £60,000, and cash reserves have increased by 55.0% to £370,000. Creditors have increased significantly by 49.0% to £610,000, and trade debtors have increased by 57.0% to £310,000. 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 creditors raises questions. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s financial trends suggest a period of growth and expansion, but also increased financial risk. Whether the company can sustain this momentum and balance its growth with financial stability remains to be seen.

Registered in England/Wales under the registration number 04538909, with a registered address at TQ2 5QU, England, Torquay, 260-262 Bank Chambers Union Street.

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