Drumgrange Limited

Drumgrange Ltd, based in Chertsey, UK, is a thriving independent defence contractor with a 45-year history. The company, currently employing 119 people, boasts substantial assets of £9,762,534 and generates yearly revenue of £21,770,193. It’s a large company, having met two of three conditions for large status: turnover exceeding £36 million and a balance sheet total exceeding £18 million. With six directors and a solo founder, Howe George, the company maintains a stellar 5.0 Google rating based on 11 reviews.

Drumgrange specializes in the design, development, integration, and throughlife support of Communications and Electronic Systems for the defence industry. Its website highlights capabilities including design and manufacture, in-service support, integrated logistic support, prime contract management, software development, and system integration. The company serves both land and maritime sectors, emphasizing rapid realization of demanding tasks and high-quality manufacturing.

Financially, Drumgrange presents a mixed picture. Current assets have increased by 42%, reaching £9.8 million, while cash reserves have fallen by 58%, dropping to £1.9 million. Bank borrowings have decreased by 14%, reaching £23,000. However, creditors have risen by 58%, reaching £3.6 million, suggesting a need for careful debt management. Trade debtors have ballooned by 530%, a significant increase that could signal delayed customer payments. Despite these challenges, the company’s turnover has increased by 48%, reaching £22 million. The company's accounts are audited by Menzies LLP.

The company's focus on defence contracts and its strong reputation suggest a stable foundation, but the declining cash reserves and rising creditors warrant close monitoring. It’s clear that while the company is doing well, there are some things to keep an eye on.

Registered in England/Wales under the registration number 01460044, with a registered address at KT16 9JX, Chertsey, Surrey, Unit A The Forum, Hanworth Lane.

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