Cramlington Precision Forge Limited

Cramlington Precision Forge Ltd from Harrow UK is a large, active company founded 21 years ago. With 112 employees and £6,241,623 in assets, it generates a yearly revenue of £17,119,334. While it has a registered address, thirty companies are registered at the same address, suggesting a virtual address. The company is led by three directors, but there are no listed owners. It boasts a perfect 5.0 Google rating based on two reviews. The company regularly imports basic metal tools and utensils (for 63 months) and exports vehicles, parts, and accessories (not for trains or trams) (for 19 months).

The company operates from Unit 8, Atley Way, North Nelson Industrial Estate, Cramlington, and its website details a focus on precision forging for the commercial and automotive vehicle sectors, as well as industrial markets. It’s a manufacturer, and the site highlights advanced technology, teamwork, and continuous improvement. The company's core business involves precision forging, and it has three state-of-the-art mechanical crank presses. The website also mentions tooling design and development, machining capabilities, and manganese phosphate coating.

Financially, Cramlington Precision Forge Ltd presents a mixed picture. Cash bank on hand increased significantly by 290%, reaching £640,000, which is good news. However, net assets declined by 57%, landing at £540,000. Bank borrowings increased by 2.4%, reaching £2,900,000, and administrative expenses rose by 5.6%. Creditors decreased by 0.32%, which could indicate improved debt management. The company’s turnover decreased by 4.9% to £17,000,000, and the average number of employees decreased by 6.2% to 100. The company is not audited.

The increase in cash reserves is a positive sign, but the decline in net assets and turnover suggests potential challenges. The company’s focus on advanced technology and precision forging, combined with its established reputation, should help it navigate these pressures. It's clear that the company is doing well in some areas, but the financial data suggests that it's facing some headwinds.

Registered in England/Wales under the registration number 04842214, with a registered address at HA1 1BE, United Kingdom, Harrow, Middlesex, Hygeia Building Rear Ground Floor, 66-68 College Road.

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