Coborn Engineering Company Limited

Coborn Engineering Company Limited, based in Romford, Essex, is a small, holding company with an active status, celebrating 82 years in business. Founded in 1942, it employs 38 people and holds assets valued at £2,054,076. The company, owned by Kilofrequency Ltd, has four directors and a real registered address. It maintains a 4.0 Google rating based on ten reviews. Coborn Engineering regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 101 months of import activity and 592 months of export activity. The company operates in the manufacture of other machine tools industries.

The company’s website highlights its focus on the diamond industry, providing high-precision CNC machines and engineered solutions. Coborn Engineering offers both standard machines and bespoke solutions, catering to a global network of partners. Key areas of expertise include toolmaking, gemstone processing, and planetary grinding, with a strong emphasis on robotic automation and lights-out production. The website also features news updates, a resource section, and a contact form for inquiries.

Financially, Coborn Engineering's report shows some concerning trends. Accumulated depreciation increased by 7.7%, and bank borrowings surged by 39%, while cash reserves jumped by a staggering 4400%. Creditors decreased by 39%, and trade debtors decreased by 12%. Equity, however, saw a dramatic turnaround, rising by 110% to a positive £35,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity increase suggests a recent injection of capital or improved profitability. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite the mixed financial signals, Coborn Engineering appears to be adapting to the evolving diamond industry, embracing automation and expanding its service offerings. The company’s long history and commitment to precision engineering position it well for continued success, although close monitoring of its financial performance will be necessary.

Registered in England/Wales under the registration number 00376609, with a registered address at RM7 7PJ, Essex, Chesham Close, Romford.

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