Bon Accord Engineering Ltd

Bon Accord Engineering Ltd, based in London, UK, is a small, active company founded nine years ago. With 14 employees and £938,333 in assets, it’s a solo-founded operation led by a single director and owner. The company operates from a virtual address, which is a bit odd as 28,807 other companies share the same location. It's an irregular importer of iron or steel products, with just one month of imports recorded in 2022, but a regular exporter, boasting 18 months of export activity as of January 2025.

The company’s website highlights its role as a “complete engineering solution,” specializing in stud bolts, fasteners, coatings, plating, and machining. It caters to the Oil, Gas, Renewable, Aerospace, and Construction industries, offering a “massive stock” supported by a diverse machine shop and coating division. It even claims to be the Western EU stockist of a specific nut manufactured only in Texas. The site emphasizes fast quote-to-delivery times, a broad product portfolio, and a team with extensive knowledge—all hallmarks of a customer-focused business.

Financially, Bon Accord Engineering Ltd shows a mixed picture. Current assets increased by 47% to £940,000, while net assets grew by 62% to £400,000—a positive trend. Bank borrowings decreased by 35% to £18,000, and cash reserves jumped 73% to £500,000. However, creditors also rose by 33% to £590,000, and trade debtors increased by 29% to £400,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, so the figures are unaudited.

Overall, Bon Accord Engineering Ltd appears to be financially healthy, with growing assets and cash reserves. The increase in creditors and debtors suggests a need to manage working capital more effectively, but the company’s strong export activity and diverse product portfolio position it well for continued success. It's a bit strange that the address is virtual, but the company seems to be doing alright.

Registered in England/Wales under the registration number 09804052, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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