East Engineering Components Limited

East Engineering Components Ltd, based in Milton Keynes, UK, is a small, active company founded seven years ago. With eight employees and £562,587 in assets, it’s a family business led by a single director and two owners, boasting a stellar 5.0 Google rating from 20 reviews. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with the last import activity recorded one month ago in May 4 2023.

The company’s website showcases a wide range of products, from abrasives and safes to bearings, belts, and hydraulic fittings. It caters to various industries, including domestic mowers, machine construction, and even offers specialized services like fogging for SARSCoV2. The site features a gallery, about us section, and downloadable catalogs for brands like LDK, PIX, FAG, and Heller. It appears to operate primarily as an e-commerce business, with a focus on selling components and supplies to industrial and commercial customers.

Financially, East Engineering Components Ltd presents a mixed picture. While current assets increased by 22% to £560,000, net assets also grew by 11% to £400,000. However, bank borrowings decreased by 33%, dropping to £21,000, and cash reserves increased by 32% to £83,000. Creditors increased by a significant 46%, reaching £170,000, suggesting potentially higher short-term obligations. 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 remain flexible, but the increase in creditors warrants attention. The accounts are unaudited, a common exemption for small companies.

Overall, East Engineering Components Ltd seems to be holding its own, with a growing asset base and a strong online presence. However, the rise in creditors could be a sign of increased operational costs or delayed payments, something to keep an eye on in future reports.

Registered in England/Wales under the registration number 11173037, with a registered address at MK5 7BQ, United Kingdom, Milton Keynes, 16 Nether Grove, Shenley Brook End.

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