European Springs And Pressings Limited

European Springs and Pressings Ltd, based in Beckenham, UK, is a well-established company with a rich history, having operated for 69 years. This large company, currently employing 128 people, boasts significant assets of £9,309,517 and generates an annual revenue of £13,499,670. As a holding company with an active status, it’s a key player in the spring manufacturing industry. The company is led by four directors and has one owner, and maintains a stellar 5.0-star Google rating based on six reviews.

The company specializes in the manufacture of springs and pressings, catering to a wide range of industries. It regularly imports machinery, boilers, and mechanical appliances, parts, with 59 months of import activity, and exports iron or steel products, with 352 months of export activity. Its website highlights a comprehensive selection of high-quality springs and pressing solutions designed for reliability and sustainability, offering both standard and bespoke designs. It even owns companies like Clifford Springs Limited and Enfield Spring Holdings Limited.

Financially, European Springs and Pressings Ltd shows a mixed picture. While turnover remained stable at £13 million, net assets have fallen significantly by 39%, dropping to £9.5 million. Current assets have also decreased by 39%, to £9.3 million. Bank borrowings have vanished completely, a positive sign, but cash reserves have plummeted 90%, leaving just £350,000. Trade debtors have increased substantially by 140%, suggesting potential issues with customer payments, and creditors have decreased by 30%, which is a good sign. The company's net loss increased dramatically, from £170,000 to £1.9 million. Despite these challenges, the company’s size (meeting two of three criteria for a large company) and its strong Google rating suggest resilience. The company’s auditor is PM+M Solutions for Business LLP. The sharp decline in equity and cash reserves, however, warrants closer attention, and it’s likely the company is facing increased operating costs.

Registered in England/Wales under the registration number 00548932, with a registered address at BR3 4DW, Beckenham, Kent, Chaffinch Business Park, Croydon Road.

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