Denis Ferranti Meters Limited

Denis Ferranti Meters Ltd, based in Bangor, UK, is a long-standing small company with an active status, having been founded 98 years ago in 4th February 1927. The company employs 33 people and holds assets valued at £1,839,808. It operates from a real address and is managed by four directors and one owner, currently rated 3.0 on Google based on two reviews. The company regularly imports electrical machinery and equipment, with 60 months of import activity recorded.

The company’s website reveals a diverse range of activities. While its core business appears to be the manufacture of weapons and ammunition, machining, and the production of telegraph and telephone apparatus, it also operates in the aerospace sector, specializing in safe, high-performance machines and power systems for electric aircraft. Furthermore, it has a long history in the submarine and marine signalling field, dating back to 1951, providing state-of-the-art products. A surprising element is the presence of Luxy Wigs, an e-commerce site selling human hair wigs, suggesting a diversification into the beauty industry. Richard Mille replica watches are also mentioned, although this is likely an error or an outdated reference.

Financially, Denis Ferranti Meters Ltd presents a mixed picture. Current assets have decreased by 18% to £1,800,000, while net assets have fallen by 7.4% to £2,200,000. Bank borrowings have also declined, with overdrafts decreasing by 0.0014% and non-financial instruments dropping by 12%. Creditors have seen a significant reduction, decreasing by 61%, which could indicate improved debt management. However, trade debtors have increased by 28%, suggesting potential issues with customer payments. 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 decline in cash reserves by 17% to £44,000 and the increase in other taxation and social security payable by a significant amount raise concerns. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data.

In conclusion, Denis Ferranti Meters Ltd is a resilient, long-established company navigating a complex business landscape. While its diverse operations and improved creditor management are positive signs, the declining assets and increasing debts warrant close monitoring.

Registered in England/Wales under the registration number 00219880, with a registered address at LL57 4SP, Wales, Bangor, Gwynedd, Brynllwyd Works, Caernarfon Road.

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