Cole Mechanical Services Limited

Cole Mechanical Services Ltd, based in Chesham, UK, is a small, active company with a long history, having been founded 48 years ago in 1977. The business, employing 17 people, holds £686,048 in assets and operates from a virtual address – a point of note as 181 companies are registered at the same location. It’s managed by two directors and one owner, Nigel Sibley, and currently holds a 3.0 Google rating based on just two reviews. The company regularly imports machinery, boilers, and mechanical appliances, with the most recent import activity recorded 25 months ago, and has exported similar items, though less frequently, with just one month of export activity in the last few years.

Cole Mechanical Services specializes in the repair, installation, and maintenance of loading bay equipment and recycling solutions. Their website highlights a focus on scissor lifts, dock levellers, cardboard balers, and organic waste digesters, catering to commercial and industrial clients. They offer design, supply, and installation services and even boast a recycling fact section on their website. The business operates as a service engineering business, emphasizing its ability to maintain a wide range of equipment regardless of manufacturer.

Financially, Cole Mechanical Services presents a mixed picture. Creditors increased significantly, rising by 80% to £650,000, while finished goods decreased by 11% to £81,000. Bank borrowings decreased by 24% to £190,000, and cash reserves dropped by 11% to £690,000. Interestingly, trade debtors increased by 11%, suggesting a possible shift in payment terms. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors warrants closer attention. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, Cole Mechanical Services appears to be navigating a period of change. While its core services remain in demand, the financial data suggests it's facing some pressures. The company's long-standing presence and focus on specialized equipment could be a strength, but managing its liabilities will be key to its continued success.

Registered in England/Wales under the registration number 01308303, with a registered address at HP5 1PE, England, Chesham, Buckinghamshire, Unit 7a Waterside Business Park, Waterside.

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