E Collinson & Co Limited

E Collinson & Co Ltd from Preston, UK, is a large, active family business founded six years ago. Employing 110 people, the company boasts £4,452,361 in assets and operates from a real address. With six directors and three owners, it maintains a stellar 5.0 Google rating based on 23 reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 21 months of import activity and 36 months of export activity recorded.

The company's website reveals it operates in the manufacture of other tanks, reservoirs and containers of metal, and the manufacture of metal structures and parts of structures. It's a significant player in these industries, demonstrating a focus on both import/export and domestic production.

Financially, E Collinson & Co Ltd presents a mixed picture. While assets remain strong at £4,452,361, several key metrics indicate potential challenges. Net assets decreased by 17%, and cash cash equivalents fell by a substantial 110%, ending at £120,000. Bank borrowings, however, increased dramatically by 110%, reaching £1,300,000. Creditors also saw a significant decrease of 49%, which could suggest improved debt management. The company’s large size (meeting two of three criteria for a large company) means it's subject to more scrutiny, but the drop in cash reserves and increase in borrowing raises concerns. The company’s auditor is Azets Audit Services.

The decline in average number of employees by 18% to 90 suggests a possible restructuring or slowdown in operations. It’s difficult to say exactly why these changes have occurred, but it could be related to broader economic conditions or shifts in demand for their products. Overall, while E Collinson & Co Ltd remains a substantial player in its sector, the financial data indicates a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 11461839, with a registered address at PR3 0HP, England, Preston, Lancashire, Riverside Industrial Park, Catterall.

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