Econ Engineering Limited

Econ Engineering Ltd, hailing from North Yorkshire, UK, is a substantial player in the UK's highway maintenance sector. Established 65 years ago in 1959, the company employs 244 people and boasts assets of £49.27 million, generating a yearly revenue of £52.49 million. It's a holding company with six directors and one owner, maintaining an impressive Google rating of 4.0 based on six reviews. The company’s registered address is real, with only one other company registered at the same location.

Econ Engineering specialises in the manufacture and maintenance of gritters, deicers, and snow ploughs, primarily for local authorities and commercial clients. Its website highlights a dual business model: manufacturing and maintenance, alongside a rental fleet. The company’s heritage stretches back to 1969, and it even has a presence in Harrods, London, through its piano restoration division (1066 Pianos). The company regularly imports machinery, boilers, and mechanical appliances, and exports vehicles, parts, and accessories.

Financially, Econ Engineering shows a mixed picture. While turnover increased by 9.5% to £52 million, net assets decreased by 17% to £38 million. Bank borrowings increased by 13%, reaching £3.3 million, while cash reserves fell by 10% to £22 million. Creditors increased by 12% to £28 million. The company is considered a large business, having met two of three criteria for size. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited accounts.

The increase in bank borrowings and decrease in cash reserves, alongside the rise in creditors, could indicate a need for careful financial management. However, the company’s strong market position and diverse revenue streams—from manufacturing to rentals—suggest it’s well-positioned to weather any short-term challenges.

Registered in England/Wales under the registration number 00644062, with a registered address at HG4 1UE, North Yorkshire, Boroughbridge Road, Ripon.

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