Cheyney Design & Development Ltd.

Cheyney Design and Development Ltd, based in Royston, UK, is a small, active company that’s been around for a quarter of a century. With thirteen employees and £2,769,253 in assets, it’s a modest operation, meeting the criteria for a small company—turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company is directed by one person, who is also the owner.

Cheyney Design and Development specializes in automatic X-ray inspection, offering design and manufacturing services for a range of components and systems. They’ve been working in this field for over thirty years, and their website highlights expertise in the design of modules, software, and special applications. They also offer services like proof-of-concept studies and machine development. Their website even mentions collaborations with universities, suggesting a focus on innovation.

Looking at the financials, there are a few interesting trends. Accumulated depreciation on property, plant, and equipment has increased, which is to be expected as assets age. Bank borrowings have decreased, which is a positive sign, and cash on hand has also seen a slight decline. Debtors have significantly decreased, which could mean improved collection rates, or perhaps a slowdown in sales. The company's net assets have increased by 6.4%, which is a good indicator of overall financial health. It’s worth noting that the company’s creditors have also decreased, which suggests better management of short-term liabilities.

The company’s investments in subsidiaries have remained consistent, and there's been a decrease in recoverable value tax. The company's accounts are unaudited, which is common for small entities. Overall, Cheyney Design and Development appears to be a stable, albeit small, business, focused on a niche market with a long track record. It’s clear they’re continuing to invest in their core business, but the decrease in cash reserves is something to keep an eye on.

Registered in England/Wales under the registration number 04204533, with a registered address at SG8 0SS, Royston, Herts, New Cambridge House Bassingbourn Rd., Litlington.

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