Chapel Engineering Limited

Chapel Engineering Limited, based in Studley, UK, is a small, active company established 11 years ago. With two employees and £80,947 in assets, it's a modest operation overseen by one director and owner. Boasting a perfect 5.0 Google rating from eight reviews, Chapel Engineering is a regular importer of machinery, boilers, and mechanical appliances, with recent activity recorded in July 2024.

The company’s website reveals a more extensive operation than its size might suggest. Operating from a purpose-built, 1500 sqM facility with high-security fencing, Chapel Engineering specializes in low-volume, high-value machining services for over 60 customers worldwide. They offer a wide range of services, including CMM inspection, non-destructive testing, pressure testing, and light fabrication, often partnering with certified suppliers for metal finishing. The business also provides logistics support, including material consignment, storage, and bespoke packaging solutions. They are a specialist in the petrochemical sector, with a long-term view to expand to aerospace, nuclear, and materials handling.

Financially, Chapel Engineering Limited presents a mixed picture. Current assets have decreased by 24% to £81,000, while net assets have fallen 28% to £67,000. Cash bank on hand has also dropped 19% to £34,000. Trade debtors have seen a significant decline of 33%, which could indicate improved collection efforts, but it also suggests a potential slowdown in sales. Conversely, bank borrowings have increased, which might be a sign of investment or a need to manage cash flow. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in equity warrants closer attention. No auditor is mentioned, which is typical for companies of this size.

Overall, Chapel Engineering appears to be navigating a period of change. While its specialized services and customer base provide a solid foundation, the financial trends suggest a need for careful management and potentially, a renewed focus on profitability.

Registered in England/Wales under the registration number 08696818, with a registered address at B80 7EB, Studley, Warwickshire, The Brambles Chesters Green, Morton Bagot.

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