Benchmark Wireline Products Ltd.

Benchmark Wireline Products Ltd, based in Harleston, UK, is a small holding company with an active status, celebrating 47 years since its founding in 1978. Employing 36 people and holding assets valued at £4,077,573, the company operates from a real address and is overseen by three directors and one owner. It’s a regular importer of electrical machinery and equipment, with 57 months of import activity, and a regular exporter of machinery, boilers, and mechanical appliances, with 68 months of export activity.

The company’s website showcases a dual focus: wireline measuring equipment and offshore solutions. It manufactures its products at facilities in the UK and Houston, USA, offering a range of wireline trucks, skids, masts, and powered capstans. They also provide restoration services for wireline units and offer a wide range of products including measuring heads, drums, and operator panels. The website also highlights their expertise in unit restoration and provides contact information and links to support resources.

Financially, Benchmark Wireline Products Ltd shows a mixed picture. While cash reserves increased by a significant 7,800% to £410,000, net assets declined by 270% to £560,000. Creditors decreased by 14%, suggesting improved debt management, but bank borrowings increased by 2.6%. Trade debtors decreased by 36%, which could indicate challenges in collecting payments. The company meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size and exemption from audit.

Overall, Benchmark Wireline Products Ltd appears to be navigating a period of change. While its cash position is strong, the decline in net assets and fluctuating trade debtors suggest potential challenges. The company’s dual focus on wireline technology and offshore solutions, combined with its established presence in the UK and USA, positions it for continued operation, but careful financial management will be key.

Registered in England/Wales under the registration number 01358584, with a registered address at IP20 9EA, Harleston, Norfolk, 48-54 Fuller Road, Harleston Industrial Estate.

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