Erth Engineering Limited

Erth Engineering Ltd from Downpatrick UK is a small, active company founded eight years ago. With twelve employees and £2,287,061 in assets, it's a modest operation run by two directors and a single owner, who is also the solo founder. The company operates from a real address and is involved in both importing and exporting machinery, boilers, and mechanical appliances, with parts. It's an irregular importer (one month of imports recorded in January 2024) and a regular exporter (four months of exports recorded in August 2024). The company operates in the manufacture of agricultural and forestry machinery other than tractors industries.

The company’s website is not available, so it’s difficult to determine if they operate an e-commerce site. However, their business seems to be primarily B2B, focusing on supplying machinery and parts to other businesses.

Financially, Erth Engineering Ltd shows some interesting trends. Accumulated depreciation impairment property plant equipment increased by 48%, with furniture fittings, 45% for motor vehicles, and 54% for plant machinery. The company’s cash bank on hand saw a significant jump, increasing by 40% to £1.4 million. Creditors rose by 12% to £760,000, suggesting increased reliance on trade credit. Current assets also increased by 33% to £2.3 million, and trade debtors increased by 21% to £220,000. The company’s net assets increased by 32% to £1.9 million. 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 stay agile.

The company’s equity increased by 32% to £1.9 million, reflecting retained earnings. However, the increase in creditors and trade debtors, alongside the rise in accumulated depreciation, could indicate that the company is investing heavily in its operations. The company is likely exempt from an audit due to its size, and the financial statements are unaudited. It’s clear that Erth Engineering Ltd is growing, but it’s important to monitor its debt levels and ensure that its investments translate into increased profitability.

Registered in Northern Ireland under the registration number NI644635, with a registered address at BT30 8PJ, Northern Ireland, Downpatrick, Co Down, 22 Dunnanew Road, Seaforde.

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