Esprit Automation Limited

Esprit Automation Ltd, based in Nottingham, UK, is a well-established company with a strong reputation in the CNC cutting machine manufacturing sector. Founded 38 years ago in 1987, this large company employs 66 people and holds assets worth £12.6 million, generating an annual revenue of £11.8 million. It’s a holding company with two directors and one owner, and boasts a perfect 5.0 Google rating from 57 reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances parts, with a consistent history of activity spanning over 20 months for imports and 24 months for exports.

The company’s website highlights its position as a leading UK manufacturer of CNC cutting machines, offering plasma, fiber laser, and flame cutting solutions. It caters to a diverse range of industries, from HVAC ductwork to heavy-duty steel fabrication, and even offers used machines and filtration solutions. Esprit Automation’s website is very informative and provides a lot of useful information.

Financially, Esprit Automation shows a mixed picture. While current assets increased by 3.8% to £13 million, net assets surged by 18% to £11 million. However, bank borrowings increased by 53%, reaching £1.2 million, and cash reserves decreased by 43% to £810,000. It's worth noting that administrative expenses increased by 7.4% to £1.7 million. The company’s turnover remained stable at £12 million, but net losses deepened to -£160,000. The company’s relatively large size (meeting two of three criteria for a large company) suggests it’s a significant player in its market. The accounts were audited by PKF Smith Cooper Audit Limited.

Despite the increased borrowing and losses, Esprit Automation’s strong Google rating and established presence in the CNC cutting machine market suggest a resilient business. The company’s focus on high-quality machines and comprehensive customer support appears to be paying off, but the financial pressures indicate a need for careful management and potentially, a focus on improving cash flow.

Registered in England/Wales under the registration number 02113853, with a registered address at NG10 5EE, England, Nottingham, Plackett Mill Church Drive, Sandiacre.

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