Carpenter & Paterson Limited

Carpenter & Paterson Ltd, based in Welshpool, UK, is a sizable company with a long history, having been founded 69 years ago. The firm, which employs 108 people, holds assets worth £3,044,915 and generates a yearly revenue of £7,369,005. It operates as a holding company and is currently active. With four directors and two owners, and a respectable Google rating of 4.0 based on 11 reviews, the company is well-established.

Carpenter & Paterson specializes in the manufacture of other fabricated metal products, operating as a key player in the pipe support solutions market worldwide. Their website details a comprehensive range of products, from spring supports to dynamic supports and even hydraulic shock arrestors. They also provide engineering design and analysis services, and even have a WitchHanger graphical pipe support design program. Recent news highlights include a COVID-19 outbreak response and the opening of a sales office in Norway.

Financially, Carpenter & Paterson Ltd shows a mixed picture. Current assets have decreased by 18% to £3,000,000, while net assets have fallen 5.0% to £7,200,000. Bank borrowings have significantly reduced, dropping 74% to £160,000, and cash reserves have increased by 25% to £520,000. Creditors have also decreased by 9%, suggesting improved financial management. However, the company's turnover has fallen by 36% to £7,400,000, which could be due to various market factors. The company’s size (meeting two of three criteria for a large company) indicates a stable, established operation. The company’s accounts were audited by Morgan Griffiths LLP.

Despite the turnover decline, Carpenter & Paterson Ltd appears to be navigating the current economic climate with some resilience. The reduction in bank borrowings and increase in cash reserves are positive signs, suggesting a focus on financial stability. The company’s long history and global reach position it well for future growth, although the turnover decrease warrants close monitoring.

Registered in England/Wales under the registration number 00559771, with a registered address at SY21 7BQ, Welshpool, Powys, Crown Works, Henfaes Lane.

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