Cannon Engineering (yorkshire) Limited

Cannon Engineering (Yorkshire) Limited, based in Bradford, UK, is a small holding company with an active status, having been founded 21 years ago in 2004. The company employs five people and holds assets valued at £502,623. It has a real registered address and is overseen by three directors and one owner. Cannon Engineering is an irregular importer, primarily dealing in vehicles, parts, and accessories—though its import activity has been minimal, with only one month of imports recorded as of February 2016.

The company operates as a CNC engineering firm, offering a range of services including high-speed milling, turning, design, and fabrication. Its website showcases a modern, well-equipped facility and emphasizes its ability to handle custom projects, from small-batch production to complex engineering challenges. They even offer 3D printing and gear cutting services. The website is clearly aimed at attracting new clients seeking precision machining and engineering support.

Financially, Cannon Engineering’s recent performance presents a mixed picture. Cash reserves have grown considerably, up 40% to £370,000, which is a positive sign. However, trade debtors have fallen by 17%, suggesting a potential issue with collecting payments. Bank borrowings have increased significantly, rising 55% to £44,000, and creditors have also increased by 31% to £260,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the increased debt could be a cause for concern. Depreciation on motor vehicles has also decreased by 20%, which may be a one-off event. There's no mention of an auditor, likely due to its status as a small company.

Overall, Cannon Engineering appears to be a well-equipped engineering firm facing some financial pressures. The growth in cash is encouraging, but the rising debt levels will need to be monitored closely to ensure the company’s long-term stability.

Registered in England/Wales under the registration number 05133166, with a registered address at BD2 3DD, England, Bradford, Cannon Engineering (Yorkshire) Limited Undercliffe Road, Idle.

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