Best Windings Limited

Best Windings Ltd from Ipswich UK is a small, family-run company with an active status, celebrating 30 years in business. Founded in 1994, it employs 27 people and holds £609,624 in assets. The company, overseen by five directors and two owners, operates from a real address and regularly imports and exports electrical machinery and equipment—43 months of imports and 81 months of exports recorded. It’s a company that operates in the manufacture of electronic components industries.

The company’s website highlights its expertise in bespoke solutions, transformers, inductors, and coils, catering to diverse markets like aerospace, oil & gas, medical, industrial, telecoms, and military. It’s a specialist in high-quality wound components, offering both custom design and build-to-print services alongside standard parts. The website also showcases a strong emphasis on quality and traceability, with certifications and a commitment to meeting exacting standards.

Financially, Best Windings Ltd’s recent performance presents a mixed picture. Cash reserves have declined by 30% to £120,000, and bank borrowings have fallen by 11% to £95,000. However, current assets have increased by 4.4% to £610,000, and trade debtors have risen by 24% to £290,000, suggesting a potential increase in sales. Creditors have also increased by 38% to £190,000, which could be linked to the increased sales and supply chain costs. Equity remains stable at £650,000. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and the figures are unaudited, as is typical for companies of its size. Future minimum lease payments have increased dramatically, by 480%, to £23,000, which may be a one-off event.

Despite the fluctuating financials, Best Windings Ltd appears to be a resilient, established player in its niche, with a long history of serving demanding industries. The company's focus on custom solutions and quality components suggests a strong foundation for continued success, although keeping a close eye on cash flow will be important going forward.

Registered in England/Wales under the registration number 02978741, with a registered address at IP10 0NX, Ipswich, Suffolk, Viking Works, Bucklesham Road Kirton.

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