Findlay Irvine Limited

Findlay Irvine Limited is a small, active company based in Midlothian, UK, with a rich history stretching back 65 years. Founded in 1960, the company employs 36 people and holds assets totaling £5,848,712. With four directors and a single owner, Irvine Colin John at the helm, Findlay Irvine operates from a real address and is a regular importer and exporter of optical and medical tools and devices, with 88 months of import activity and 154 months of export activity recorded.

The company’s core business, as detailed on its website, is the manufacture of electromechanical and software products primarily for the transport industries. It specializes in skid resistance testing equipment, weather monitoring solutions, and rail condition monitoring, offering bespoke solutions and even collaborating with universities like Edinburgh and Heriot-Watt. The website showcases a commitment to innovation and British craftsmanship, with a focus on serving customers worldwide.

Financially, Findlay Irvine Limited presents a mixed picture. While current assets increased slightly to £5,800,000, net assets saw a modest decline to £5,300,000. Bank borrowings increased by 10% to £29,000, and cash reserves decreased by 5% to £4,100,000. Trade debtors increased by 39% to £1,300,000, which could indicate growth in sales but also potential challenges in collecting payments. Creditors increased by 13% to £770,000, and other debt increased by 35% to £440,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in cash reserves warrants attention. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s focus on specialized equipment and global reach suggests a niche market strategy, but the financial trends highlight the need for careful management of cash flow and debt.

Registered in Scotland under the registration number SC035193, with a registered address at EH26 9BU, Midlothian, 42/44 Bog Road, Penicuik.

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