Dynatech Engineering Ltd

Dynatech Engineering Ltd, based in West Bromwich, UK, is a small, holding company with an active status. Founded 28 years ago in 1997, the company employs 13 people and holds assets valued at £446,267. It’s managed by one director and one owner, and operates from a real address. The company regularly imports iron or steel products (39 months, last import May 2023) and occasionally exports miscellaneous metal items (1 month, last export July 2022).

The company’s website reveals a more extensive operation than initially apparent. Dynatech Engineering Co. specializes in the design and manufacture of industrial gearboxes, dryers, filters, blenders, and hydraulic systems. It caters to a range of industries, including chemical processing, food production, and power generation, and even offers kitchen waste processing units. The website highlights a history stretching back to 1974, founded by a technocrat with extensive experience in fluid dynamics and thermodynamics, and emphasizes adherence to ASME IS standards. The company even boasts a presence in the high-end piano restoration market, a seemingly unrelated venture.

Financially, Dynatech Engineering Ltd shows some concerning trends. While cash reserves decreased by 16% to £120,000, bank borrowings have completely vanished, a positive sign. However, net assets declined by 2%, and current assets dropped by 9.1% to £450,000. Trade debtors decreased by 11%, suggesting better collection practices, but creditors also fell by 18%, which could indicate tighter payment terms with suppliers. The company's average number of employees has fallen by 23%, which is a significant change. Despite meeting two of three conditions to be classified as a small company, the decline in equity and employee numbers raises questions about its current trajectory. The company's accounts are unaudited, and no auditor is mentioned.

Overall, Dynatech Engineering Ltd appears to be navigating a period of change. While it maintains a strong reputation for engineering expertise and a diverse product range, the financial data suggests a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 03314862, with a registered address at B70 6DB, England, West Bromwich, West Midlands, Union Street, Kenrick Way.

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