Concurrent Design Limited

Concurrent Design Limited, based in Weybridge, UK, is a small, family-run business with an active status, having been founded 23 years ago. The company employs 14 people and holds £1,032,223 in assets, operating from a virtual address shared by many other businesses. Two directors and two owners manage the firm, which regularly imports machinery, boilers, and mechanical appliances—parts, with 120 months of import activity recorded. It also exports these same items, with four months of export activity.

The company specializes in engineering design activities for industrial process and production industries. Its website, while minimal, highlights its expertise in system integration, and the company's LinkedIn page shows a focus on automation and control systems. It's a niche area, and the company seems to be targeting industrial clients.

Financially, Concurrent Design Limited shows some concerning trends. While cash reserves increased by 44% to £470,000, net assets declined by 23% to £490,000. Bank borrowings, however, disappeared entirely—a positive sign. Trade debtors decreased significantly, by 43%, which is good, but creditors increased by 26%, suggesting the company is relying more on credit from suppliers. Depreciation charges increased by 40%, which is expected with increased asset values, but it does eat into profits. 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 flexibility, but the decline in equity warrants attention. No auditor is mentioned, so the financial statements are unaudited.

The company's increased focus on automation and control systems, along with the reduction in bank borrowings, suggests a strategic shift towards higher-margin services. However, the decrease in equity and increase in creditors indicate that Concurrent Design Limited is facing financial pressures, and it will be interesting to see if the company can sustain this growth.

Registered in England/Wales under the registration number 04315778, with a registered address at KT13 8DE, Weybridge, Surrey, The Old Rectory, Church Street.

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