Comac Machinery Ltd

Comac Machinery Ltd, based in Dovercourt, Harwich, UK, is a small, active company established 29 years ago. With eleven employees and £1,017,299 in assets, it's a family-run operation led by four directors and a solo founder, Deane Gerry St Clair Cameron. The company, which has a real address, primarily exports machinery, boilers, and mechanical appliances – parts, with five months of export activity recorded as of October 2024. It also imports optical and medical tools, though less regularly, with one month of import activity as of October 2023.

The company’s website highlights its specialization in adhesive application and processing machinery. They offer consultancy, design, and build services for various industries, including automotive, profile lamination, and surface frame lamination. They even offer refurbishment packages and boast a worldwide service, including installation. Their focus is on providing bespoke solutions, automation, and PLC control – a clear indication of a technically-focused business.

Financially, Comac Machinery Ltd shows a mixed picture. Current assets have decreased by 33% to £1,000,000, while net assets have fallen by 30% to £710,000. Cash reserves have also declined significantly, dropping 51% to £260,000. Trade debtors have seen a sharp decrease, falling 60% to £300,000, which could indicate improved collection efforts. However, bank borrowings have also decreased, falling 57% to £340. Finished goods have increased by a substantial 97% to £450,000. The company meets two of the three criteria for being a small company – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

Overall, Comac Machinery Ltd seems to be navigating a period of change. While the business is still active and focused on its niche market, the decline in net assets and cash reserves suggests potential financial pressures. The reduction in debtors is a positive sign, but the company will need to maintain its focus on efficiency and customer satisfaction to ensure its long-term stability.

Registered in England/Wales under the registration number 03183067, with a registered address at CO12 4LT, Dovercourt Harwich, Essex, Unit 3 Vicarage Farm, 712 Main Road.

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