Doel Engineering Limited

Doel Engineering Ltd from Witham UK: a small, holding company with an active status, was founded 50 years ago in 1974. It employs 11 people and holds assets of £2,188,459. The company has a real address, two directors, and two owners. It’s an irregular importer of optical and medical tools and devices (imported for one month), but a regular exporter of machinery, boilers, and mechanical appliances; parts (exported for nineteen months).

The company operates in the manufacture of other special-purpose machinery n.e.c. industries. Officially, it has two owners or PSCs, two directors, and eleven employees. The company’s website is not available for review.

Financially, Doel Engineering Ltd shows some interesting trends. Current assets increased by 24% to £2,200,000, while net assets increased by 20% to £1,400,000. Bank borrowings remained stable at £1,800, and cash reserves increased by 48% to £1,400,000. Creditors increased by 31% to £790,000, and trade debtors decreased by 3.2% to £730,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The increase in creditors, however, suggests a possible need to manage debt more closely. The company is exempt from an audit, so the figures are unaudited.

It’s clear the company has been doing well, but the increase in creditors is something to keep an eye on.

Registered in England/Wales under the registration number 01177646, with a registered address at CM8 2FB, Witham, Essex, 5 Europa Park, Croft Way.

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