David Reekie & Sons Limited

David Reekie & Sons Ltd, based in Renfrewshire, UK, is a well-established small company with an active status, having operated for a remarkable 79 years. Employing 47 people, the company holds assets valued at £4,279,553. With a real address, three directors, and a single owner, it maintains a respectable Google rating of 4.0 based on four reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 13 months of import activity and 15 months of export activity recorded.

The company’s core business revolves around onsite and subcontract machining services, as detailed on its website. Reekie Machining offers a wide range of services, from flange facing and milling to spark erosion and welding, catering to industries like power generation, oil & gas, and construction. They even have a machine shop offering impressive turnarounds and provide bespoke machining solutions. The website highlights their expertise in insitu machining, portable machine tools, and even offers a range of services like hydraulic bolt torque tensioning. They seem to be a full-service machining provider.

Financially, David Reekie & Sons Ltd shows a mixed picture. Cash bank on hand increased by a significant 39%, reaching £960,000, which is a positive sign. However, creditors have surged by 74%, now standing at £1,600,000, suggesting increased short-term liabilities. Trade debtors have also risen sharply, by 66%, reaching £3,300,000. On the plus side, net assets have increased by a healthy 36%, reaching £3,400,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in liabilities warrants close monitoring. No auditor is mentioned, which is common for small companies.

Overall, David Reekie & Sons Ltd appears to be a financially stable, long-standing business, although the increase in liabilities should be watched. Their focus on specialized machining services and commitment to quality suggests a strong foundation for continued success, even if they are facing some short-term financial pressures.

Registered in Scotland under the registration number SC024117, with a registered address at PA4 9RL, Renfrewshire, South Street, Inchinnan Industrial Estate.

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