Croston Engineering Limited

Croston Engineering Ltd, based in Tarvin, UK, is a small, holding company with an active status, celebrating 48 years in business. Employing ten people and holding £568,890 in assets, it’s a well-established operation with a real address and overseen by three directors and one owner. A Google rating of 5.0 from three reviews speaks to its reputation. The company regularly imports iron or steel products, with recent activity recorded just three months ago.

The company operates in the manufacture of machinery for food, beverage, and tobacco processing industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The website, while not fully detailed, suggests a focus on bespoke engineering solutions and a commitment to quality.

Financially, Croston Engineering Ltd presents a mixed picture. Accumulated depreciation impairment on computer equipment increased by 31%, while motor vehicle depreciation saw a significant drop of 15%. Cash bank holdings decreased by 41%, and creditors rose by 31%. However, net current assets and liabilities increased by 6%, and total equity grew by 3%. Trade debtors have increased by 44%. Despite these fluctuations, the company’s total assets less current liabilities grew by 3%. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company's focus on importing iron or steel products, combined with its engineering expertise, suggests a reliance on external suppliers. The decrease in cash reserves could be due to increased investment in machinery or materials, or potentially a slowdown in sales. The growth in trade debtors could indicate a need to improve payment collection processes. Overall, Croston Engineering Ltd seems to be navigating a period of change, but its long history and strong reputation position it well for the future.

Registered in England/Wales under the registration number 01263413, with a registered address at CH3 8JF, Tarvin, Nr Chester, Tarvin Mill, Barrow Lane.

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