Cadam Engineering Limited

Cadam Engineering Limited, based in Redditch, UK, is a small, active company founded eight years ago. With £9,262 in assets and a real address, it's a solo-founded operation managed by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with the last import activity occurring five months ago.

The company’s core business involves the manufacture of other general-purpose machinery, special-purpose machinery, and the repair of machinery industries. It operates from a registered address at Unit 23 Colemeadow Road, Moons Moat North Industrial Estate, Redditch. The address is probably real as only one company registered at the same address.

Financially, Cadam Engineering Limited shows some concerning trends. Current assets have dropped significantly by 35%, falling to £9,300, while net assets have plummeted 77% to just £1,600. Bank borrowings have decreased by 46%, reaching £6,000, and cash reserves have fallen by 14%, sitting at £4,600. Trade debtors have also seen a sharp decline, decreasing by 64%, suggesting potential issues with customer payments. The company employs just one person. With no auditor mentioned, the unaudited figures rely on director-reported data.

Despite these challenges, Cadam Engineering Limited remains a small, agile business meeting two of three criteria for a small company. The decrease in equity and the rise in debt raise questions about its financial health, but the ongoing import activity and focus on machinery repair suggest a continued, albeit precarious, operation.

Registered in England/Wales under the registration number 10738976, with a registered address at B98 9PB, England, Redditch, Worcestershire, Unit 23 Colemeadow Road, Moons Moat North Industrial Estate.

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