Fast Engineering Limited

Fast Engineering Ltd is a small, active company founded 43 years ago in 1981, employing six people and holding assets of £4,712,848. Based in Belfast, Northern Ireland, it operates from a real address and is overseen by three directors and one owner. While it's an irregular importer, with no specific category imported for just two months, it’s a regular exporter of ships, boats, and floating structures, having exported for 25 months.

The company’s website reveals a dual focus: hydraulic component repair and custom cylinder manufacturing, primarily serving customers in South Wales. It operates from a workshop in Raglan and utilizes CNC lathes and milling machines to build bespoke parts. Due to high demand, cylinder repairs are offered primarily to customers of its FlexSol mobile hose division or depot customers. It even offers overnight repairs at an extra cost for regular customers on a priority scheme. A separate website, fastfluidpower.co.uk, details its hydraulic division, while the company also mentions a connection to Kashiko for website design.

Financially, Fast Engineering Ltd shows a mixed picture. Current assets increased by 14% to £4,700,000, while net assets rose 15% to £4,400,000. Bank borrowings increased by 18% to £400,000, and cash reserves grew by 18% to £4,000,000. Creditors decreased by 4% to £310,000, suggesting improved debt management. 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. The increase in average employees, from six to seven, is also a positive sign. The company’s auditor is Harbinson Mulholland, and Angela Craigan is the senior statutory auditor.

While the company’s financial health appears stable, the increase in other creditors by 100% to £30,000 should be monitored. The company’s reliance on a single owner and the lack of detailed information on its import activities also warrant attention. Overall, Fast Engineering Ltd seems to be operating well, but it’s important to keep an eye on these trends to ensure continued success.

Registered in Northern Ireland under the registration number NI015098, with a registered address at BT15 5HU, 26 Waterloo Park,, Belfast..

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