Clyde Associated Engineers Limited

Clyde Associated Engineers Ltd from Clydebank UK: a small company with an active status, was founded 72 years ago in 1952, and currently employs 44 people. It holds assets valued at £3,852,508 and operates from a real address, managed by five directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances; parts (126 months imported), and exports similar items (5 months exported).

The company's website highlights its full-turnkey solutions for fluid handling requirements, from equipment specification to maintenance and calibration. It also features a new Foodmek Division, showcasing custom-fabricated products for conveying materials and fluids. Established in 1952, Clyde Associated Engineers has built a solid reputation supplying pump and mixing equipment to various industries, including whisky, mining, and pharmaceuticals. The website also mentions services like welding and showcases a workshop, suggesting a blend of engineering, fabrication, and pump-related expertise.

Clyde Associated Engineers Ltd appears to be a relatively small operation, meeting two of the three criteria to be classified as small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees). However, the financial data reveals some interesting trends. Accumulated amortisation of intangible assets has increased by 37%, while depreciation on leased assets held as lessee has decreased by 70%. Bank borrowings have significantly reduced by 31%, but overdrafts have remained stable. A notable increase in equity, up 14%, suggests a period of reinvestment or improved profitability. The company's net assets have increased by 7.7%, and cash reserves have remained stable. Trade debtors have increased by 9.2%, and creditors have increased by 27%.

The company’s net losses have deepened, while cash reserves plummeted 71% to just £4,100. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The lack of employees (zero reported) hints at a lean, possibly solo operation. With no auditor mentioned (exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Clyde Associated Engineers Ltd seems to be navigating a period of change. While the increase in equity and assets suggests growth, the increase in debt and the decrease in cash reserves warrant closer attention. The company’s long history and diverse range of services provide a strong foundation, but sustained financial health will depend on managing its debt and maintaining a steady stream of revenue.

Registered in Scotland under the registration number SC029048, with a registered address at G81 4HT, Clydebank, Glasgow, Block 5, 76 Beardmore Way, Clydebank Industrial Estate.

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