Dales Engineering Services Limited

Dales Engineering Services Ltd, based in Peterhead, UK, is a sizable company with a long history, having been founded 37 years ago in 1987. The firm, a holding company, currently employs 107 people and boasts assets totaling £13,024,050, generating a yearly revenue of £15,890,643. While it has a registered address, it’s likely a virtual one, as eighteen companies share the same location. Six directors and one owner oversee operations, and the company enjoys a stellar 5.0 Google rating based on six reviews.

The company specialises in fabrication, welding, machining, and mechanical engineering solutions, serving sectors like oil & gas, offshore wind, renewables, and various onshore industries. It provides services ranging from complex subsea control manifold fabrication to routine maintenance and refurbishment. Dales Engineering Services has a strong presence in the UK and exports globally, with a focus on steel fabrication and pipe spools. Their website details a one-stop shop for fabrication engineering solutions, ideally situated near a deep-water port.

Financially, Dales Engineering Services Ltd presents a mixed picture. While cash reserves remained stable at £5,800,000, net assets increased by 14% to £12,000,000. However, turnover decreased by 24% to £16,000,000, and net losses deepened to £250,000. Bank borrowings increased, and trade debtors rose significantly, suggesting potential challenges in collecting payments. The company is classified as large, meeting two out of three criteria for size. The lack of an auditor mentioned suggests the company is exempt from full auditing requirements.

Overall, Dales Engineering Services Ltd appears to be navigating a period of change, with declining revenue offset by a growing asset base. The company’s established reputation and strategic location should help it weather these challenges, but close monitoring of its financial performance is warranted.

Registered in Scotland under the registration number SC107948, with a registered address at AB42 1HY, Peterhead, Aberdeenshire, Broad House, Broad Street.

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