Blackwood Engineering Limited

Blackwood Engineering Ltd, based in Gwent, UK, is a large, active company with a rich history spanning 78 years. Established in 07 November 1946, the firm employs 165 people and holds assets totaling £32,421,080. With a real address and four directors overseeing operations, the company is owned by Connor Dominic. Blackwood Engineering is a regular importer of machinery, boilers, and mechanical appliances; parts, with 107 months of import activity recorded, the latest in January 01, 2025. They also engage in irregular exporting, with just two months of activity, the last in February 01, 2023.

The company operates within the treatment and coating of metals industries, providing services to a range of commercial clients. While no website is listed, this suggests a business-to-business model, likely focusing on direct sales and relationships rather than e-commerce.

Financially, Blackwood Engineering presents a mixed picture. While assets remain substantial at £32,421,080, there are some concerning trends. Creditors decreased by a significant 26%, indicating a reduction in short-term liabilities, but cash reserves have increased by a remarkable 240%, reaching £3,100,000. Net assets, however, have grown by 75%, reaching £10,000,000. Bank borrowings have decreased by 81%, and staff costs have increased by 22%. The company’s large size (meeting two of three criteria for a large company) suggests a stable, established business, but the significant changes in liabilities and cash flow warrant further investigation. The unaudited figures, overseen by Azets Audit Services, rely on director-reported data, and the lack of mention of auditors could be due to the company being exempt.

The increase in staff costs alongside a decrease in bank borrowings could be a sign of investment in the business, or perhaps a reflection of rising labor costs. The significant changes in liabilities and cash flow could be attributed to various factors, such as changes in customer payment terms, fluctuations in material costs, or strategic investments in new equipment.

Registered in England/Wales under the registration number 00423178, with a registered address at NP13 2LN, Gwent, Glandwr Industrial Estate, Aberbeeg.

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