Crane Electronics Limited

Crane Electronics Ltd, based in Hinckley, UK, is a well-established company with a strong presence in the market. Founded 53 years ago in 1971, it’s a large company employing 52 people and holding assets worth £6,050,125. The company operates as a holding company and boasts a perfect 5.0 Google rating from one review. It’s a regular importer and exporter of optical and medical tools and devices, with 33 months of import activity and 162 months of export activity. Eight directors and one owner guide the company, which has a real address and is overseen by Spencer Gardner Dickins Audit LLP.

Crane Electronics Ltd specializes in the manufacture of computers and peripheral equipment, as well as electronic measuring and testing equipment. Its website highlights a comprehensive range of products, from torque wrenches to joint simulators, catering to industries like aerospace, automotive, and renewable energy. The company also provides service calibration, repair, and bespoke manufacturing services.

Financially, Crane Electronics Ltd presents a mixed picture. While current assets increased by 21% to £6,100,000, net assets increased by 33% to £4,100,000. However, cash bank on hand decreased by 45% to £640,000, and bank borrowings increased by 60% to £3,400,000. Director remuneration decreased by 16% to £300,000. The company’s average number of employees increased by 15% to 60. The significant increase in bank borrowings, combined with the decrease in cash reserves, suggests the company may be investing heavily in growth or facing increased operational expenses. The decrease in deferred tax expense credit from unrecognised timing differences from prior period also indicates a shift in accounting practices. The fact that the company is audited by Spencer Gardner Dickins Audit LLP adds a degree of assurance to the financial statements. Overall, Crane Electronics Ltd appears to be a stable, well-managed company, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01029811, with a registered address at LE10 3EY, Hinckley, Leicestershire, 3 Watling Drive, Sketchley Meadows.

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