Elder Engineering (herts) Limited

Elder Engineering Herts Ltd, based in Welwyn Garden City, UK, is a small, family-run business with a long history, having been founded 45 years ago. The company, currently active, employs 26 people and holds assets valued at £2,171,866. With four directors and two owners, it operates from a real address and has a solid reputation as a precision component manufacturer.

Elder Engineering specializes in both machining and the manufacture of plastic products, offering services like CNC turning and 5-axis machining. They cater to a range of industries, including aerospace, automotive, and medical, and are certified to AS9100 Rev D and BS EN ISO 90012015 standards. Their website highlights capabilities like precision plastic parts, subcontract machining, and metal component fabrication, with a focus on quality and competitive pricing. They also have a blog with news and updates, including employee spotlights and company milestones.

Financially, Elder Engineering shows a mixed picture. Current assets have increased by 20% to £2,200,000, while net assets have grown by 15% to £2,300,000. Cash reserves have also seen a significant boost, rising 30% to £1,400,000. However, creditors have increased by 34% to £630,000, and other debt increased by 88% to £180,000. 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 agile, but the rise in creditors suggests a need to manage debt carefully. With no auditor mentioned, the financial statements are unaudited. The company's regular import of plastics and export of optical and medical tools, with 150 months of import activity and 122 months of export activity, suggests a stable international presence.

Registered in England/Wales under the registration number 01473439, with a registered address at AL7 1LT, Welwyn Garden City, Hertfordshire, City Park, Watchmead.

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