Diamond Engineering Ltd

Diamond Engineering Ltd, based in Saffron Walden, UK, is a small, active company with a rich history, having been founded 45 years ago in 1980. With eleven employees and £1,006,778 in assets, it’s a well-established, family-run operation led by three directors and a solo founder, Hess Richard Andrew. The company operates from a real address, and its status is active. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Diamond Engineering’s business model is split between importing and exporting. It's an irregular importer, bringing in iron or steel products for just one month out of the last year, with the last import occurring in August 2023. Conversely, it's a regular exporter, specializing in optical and medical tools and devices for eleven months of the year, with the most recent export taking place in June 2024. The company operates in the other manufacturing n.e.c. industries.

While there's no website to analyze, the financial data paints a mixed picture. Current assets have fallen by a significant 30% to £1,000,000, while net assets have also decreased, falling 17% to £1,200,000. Bank cash has decreased by 12% to £480,000. However, there's some positive news: creditors have dropped by 39%, suggesting better debt management. The company’s turnover is not mentioned, but it is likely to be below £10.2 million. Dividends paid remained constant at £89,000.

Despite these changes, the company has maintained a stable workforce, with the average number of employees remaining at eleven. The company’s fixed assets have increased by a substantial 54% to £680,000, which could reflect investment in equipment or property. It's worth noting that the company is exempt from an audit, so the figures are unaudited. The company’s legal form is a private limited company.

Registered in England/Wales under the registration number 01474521, with a registered address at CB11 3AQ, United Kingdom, Saffron Walden, Essex, Shirehill Industrial Estate, Thaxted Road.

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