Contelec Engravings Limited

Contelec Engravings Ltd, based in Willenhall, UK, is a small, active company established 46 years ago. With £633,814 in assets and a real address, the firm operates with four directors and two owners. It’s a family-owned business with over four decades of experience in visual communications. The company is a regular exporter of electrical machinery and equipment, with four months of export activity recorded, but imports irregularly, with just one month of import activity.

Contelec Engravings Ltd specializes in engraving, printing, and electrical engineering services for various industries. They offer a range of products and services, including industrial engraving, chemical etching, adaptation and modification of industrial enclosures, and the creation of mosaic mimic systems and safety signs. A key differentiator is their in-house CAD design department, allowing for swift and cost-effective service. They serve industries like control panel builders, integrators, food & beverage, oil & gas, rail transport, automotive, and power generation.

Financially, Contelec Engravings Ltd shows some concerning trends. While current assets increased by 6%, to £630,000, net assets grew by only 3%, to £420,000. Bank borrowings remained constant at £24,000, but cash reserves decreased by 9.4%, to £290,000. Creditors increased significantly by 20%, to £370,000. Debtors also rose sharply, increasing by 28%, to £310,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is typical for a small, exempt company.

The significant increase in debtors, coupled with the rise in creditors, suggests potential cash flow pressures. While the company’s long-standing presence and diverse services indicate stability, the financial data warrants close monitoring. The company’s website, powered by WordPress, provides a professional online presence, but the underlying financial health requires further attention.

Registered in England/Wales under the registration number 01375418, with a registered address at WV12 4HN, England, Willenhall, Contelec Engravings Ltd, Spring Lane.

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