Composite Test & Evaluation Ltd

Composite Test & Evaluation Ltd, based in Bridport, UK, is a small, active company founded eighteen years ago. With eighteen employees and £899,634 in assets, it operates from a virtual address – a bit unusual as fifty-nine other companies share the same location. The business, a family affair with three directors and two owners, has a stellar 5.0 Google rating based on four reviews. They’re regular importers of aircraft, spacecraft, and their parts, with the most recent import occurring just three months ago.

The company’s website highlights its testing and evaluation services for composite, adhesive, and component materials. It's a well-equipped facility offering a wide range of testing, including fatigue, fracture toughness, and thermal testing. They cater to various sectors like marine, rail, aero, defence, and construction. The site emphasizes experience, reliability, and cost-effectiveness, offering services from specimen preparation to bespoke testing.

Financially, Composite Test & Evaluation Ltd presents a mixed picture. While current assets increased by 29% to £900,000, net assets declined by 5.2% to £1,100,000. Bank borrowings increased by 11% to £29,000, and cash reserves grew by 80% to £460,000. Creditors also increased by 35% to £390,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The increase in creditors suggests a need for careful cash flow management, but the growth in cash reserves is a positive sign. As a small company, the accounts are unaudited, so the figures rely on internal reporting. Overall, Composite Test & Evaluation Ltd seems to be holding its own, providing specialized testing services to a diverse range of industries.

Registered in England/Wales under the registration number 06105907, with a registered address at DT6 3JL, United Kingdom, Bridport, Dorset, The Grove, Rax Lane.

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