Craig & Derricott Limited
- Medium
- Holding
- Active
- 80 years
- 85 employees
- £6,879,454 (assets)
- £12,314,407 (revenue)
- Real address
- 4 directors
- 2 owners
- Regular importer
- Regular exporter
- E-commerce
Two conditions of three:
1.Turnover < £36 million
2.Balance sheet total < £18 million
3.Average number of employees < 250
The directors list was changed 5 months ago, a good sign to sell them something.
Field of Operation
Website
Summary
Craig & Derricott Limited, based in Walsall, UK, is a medium-sized holding company with a long history, having been established eighty years ago in 644. The company employs eighty-five people and holds assets valued at £6,879,454. Annual revenue reached £12,314,407. With four directors and two owners, the company operates from a real address and is actively trading.
Craig & Derricott Limited specializes in the manufacture of electrical switchgear, serving both the rail and industrial sectors. Their website showcases a wide range of products, from standard isolation equipment to bespoke solutions, including LED lighting for rolling stock and fire-rated enclosures. They also offer services like refurbishment, obsolescence engineering, and consultancy. A key aspect of their business is the Mercia Automatic Transfer Switch (ATS) range, designed for critical life safety applications.
Financially, the company's current assets increased by 14%, reaching £6.9 million, while revenue grew by 29%, hitting £12 million. However, net assets decreased by 23%, falling to £5.3 million. Bank borrowings increased by 10%, reaching £890,000, and cash reserves rose by 83%, reaching £570,000. Creditors decreased by 31%, suggesting improved debt management. The company’s size (meeting two of three criteria for a medium company) allows for flexibility, but the equity decline warrants attention. The company’s auditor is Lindley & Co.
The rise in cash reserves and decrease in creditors are positive signs, but the drop in net assets could be due to increased investment in inventory or expansion efforts. The company’s long history and established reputation in the switchgear market provide a solid foundation, but ongoing monitoring of financial performance is crucial.
Registered in England/Wales under the registration number 00388918, with a registered address at WS9 9DP, Walsall, West Midlands, 46 Hall Lane, Walsall Wood.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- Addtech Nordic Ab
- 8 years
- 3
- 75%+
-
Resident of Sweden
-
Corporate
- Craig And Derricott Holdings Ltd
- 9 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Skarbrandt Asa Viktoria
- 3 years
- 3
-
Resident of Sweden
-
Individual
- Moller Henrik Hartvig
- 3 years
- 2
-
Resident of Denmark
-
Individual
- Miller Kevin Cameron
- 5 years
- 3
-
Resident of United Kingdom
-
Individual
- Dolman Andrew Geoffrey
- 17 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted nine months ago.
Last news
-
Cessation of Addtech Nordic Ab as a person with significant control on 2025-03-28Download 1 page pdf report
-
Director's details changed for Henrik Hartvig Moller on 2024-11-20Download 2 pages pdf report
-
Termination of appointment of Niklas Stenberg as a director on 2024-11-20Download 1 page pdf report
Importer profile by HS codes
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Exporter profile by HS codes
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FAQ about Craig & Derricott Limited
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