Engineers Mate Ltd

Engineers Mate Ltd from Bridgnorth UK: a small, active company established thirteen years ago in 2011, employs twenty-two people and holds £2,169,398 in assets. It operates from a real address and is managed by three directors and two owners, running an e-commerce site. The company regularly imports and exports machinery, boilers, and mechanical appliances, including parts – 106 months of import activity and 50 months of export activity.

The company’s website highlights its role as a 24/7 engineering distributor and stockist of MRO (Maintenance, Repair, and Overhaul) products and services. It caters to industries across the West Midlands and the UK, offering a wide range of items from electric motors and bearings to pneumatic fittings and industrial gearboxes. The site emphasizes fast UK shipping, emergency support, and a one-stop shop for reliable, high-quality MRO supplies. They even offer engineering services and repairs.

Financially, Engineers Mate Ltd presents a mixed picture. While current assets increased by 24% to £2,200,000, net assets decreased by 20% to £180,000. Bank borrowings decreased by 36% to £18,000, and cash reserves fell by 23% to £290,000. Trade debtors increased by 34% to £1,400,000, suggesting a possible reliance on customer payments. Creditors also increased by 30% to £1,600,000. 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 maintain agility. The lack of a mentioned auditor is likely due to its small company status, meaning the financial statements are unaudited.

Overall, Engineers Mate Ltd appears to be navigating a period of change, with growth in assets and debtors offset by a decline in net assets and cash reserves. The company’s focus on 24/7 service and a broad product range suggests a commitment to meeting customer needs, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 07619324, with a registered address at WV16 4EJ, England, Bridgnorth, Shropshire, College House, St. Leonards Close.

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