Charles Watts Engineering Limited

Charles Watts Engineering Ltd from Warwickshire, UK, is a well-established small company with an active status, having been founded 76 years ago in 1949. Employing 23 people, the business holds assets worth £769,017 and operates from a real address in Rugby. With three directors and one owner, it boasts an impressive Google rating of 5.0 based on 22 reviews. The company is an irregular importer of electrical machinery and equipment, with recent activity recorded just two months ago.

Charles Watts Engineering Ltd describes itself as a "workshop of Rugby," providing engineering supplies and steel fabrications to both trade and private customers. Their website details a wide range of services, including steel stock, engineering supplies, and workshop services like sawing, drilling, and CNC cutting. They even offer custom steel fabrication, catering to industries like agriculture, building, and civil engineering. The site is filled with testimonials from satisfied customers, praising their helpful staff, quick turnaround times, and quality products.

Financially, the company shows some concerning trends. While total assets remain relatively stable, cash reserves have dramatically fallen by 90%, dropping to just £11,000. Bank borrowings have also decreased, but net losses have deepened. Creditors have decreased, which is a positive sign, and trade debtors have increased. The company meets the criteria for a small business, with a turnover under £10.2 million and assets under £5.1 million. The lack of an auditor is typical for a small company, meaning the financial statements are unaudited.

Overall, Charles Watts Engineering Ltd appears to be a long-standing and well-regarded business, but the sharp decline in cash reserves suggests it may be facing financial pressures. It's a business with a rich history and a loyal customer base, but its ability to navigate these challenges will be key to its future success.

Registered in England/Wales under the registration number 00466266, with a registered address at CV22 7DH, Warwickshire, 94 Somers Road, Rugby.

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