Cm Engineering (sales) Limited
- Small
- Active
- 9 years
- 1 employee
- £46,003 (assets)
- Real address
- 1 director
- 2 owners
- Regular importer
- Family business
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Phones
Summary
CM Engineering (sales) Limited, based in Towcester, UK, is a small, family-run business with an active status. Founded nine years ago in 2015, it employs just one person and holds £46,003 in assets. The company operates from a real address and is led by a single director and two owners. It's a regular importer of vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded in February 2024.
The company's website reveals a more specialized focus: CM Engineering acts as the UK sales agent for Drexler transmission products, high-quality German-engineered components popular in Formula Student racing and other applications. It also provides event and design engineering services to motorsport teams and individuals, supporting programs from World Championship level down to national series. The website highlights a pedigree of experience, with Nick Clipson, the company’s founder, bringing a successful career with automotive giants like Jaguar, Hyundai, Peugeot, and Volvo to the business. It’s clear that CM Engineering isn's just selling parts; it’s providing technical expertise and support.
Financially, CM Engineering’s picture is a bit mixed. Current assets are up slightly to £46,000, but net current assets are down significantly to -£9,700, suggesting the company is spending more than it's bringing in. Bank borrowings have decreased, which is a positive sign, but cash reserves are down, and trade debtors have fallen, potentially indicating slower customer payments. The company meets the criteria to be considered small—with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and is exempt from an audit, relying on unaudited accounts.
While the engineering services and Drexler partnership seem to provide a solid foundation, the negative net current assets suggest CM Engineering is burning through cash. It’s likely the company is reinvesting in its business, but careful monitoring of cash flow will be essential for sustained growth.
Registered in England/Wales under the registration number 09910873, with a registered address at NN12 6BS, United Kingdom, Towcester, Office 6, Town Hall 86 Watling Street East, Town Hall.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 1 year
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 9 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
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Confirmation statement made on 2024-11-15 with no updatesDownload 3 pages pdf report
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Total exemption full accounts made up to 2024-05-31Download 6 pages pdf report
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Total exemption full accounts made up to 2023-05-31Download 6 pages pdf report
Importer profile by HS codes
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Last imported products
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