Firow Propshafts Limited

Firow Propshafts Ltd from Holmes Chapel UK: small company, active status, founded 8 years ago, 12 employees, £1,079,149 assets, real address, 2 directors, 1 owner. Regular importer of vehicles, parts, and accessories (not for trains or trams) (60 months imported). Regular exporter of vehicles, parts, and accessories (not for trains or trams) (20 months exported). Firow Propshafts is a specialist manufacturer of high-quality propshafts for all types of commercial and privately-owned vehicles, operating from a business park in Cheshire. Founded eight years ago, the company employs twelve people and holds over a million pounds in assets. It has two directors and is owned by Rowley Mark. The business regularly imports and exports vehicle components, excluding those for trains or trams.

The company’s website details a comprehensive range of services, from manufacturing and repair to modification and balancing of propshafts. They cater to a wide variety of vehicles, including kit cars and heavy-duty plant machinery, and even offer custom-designed propshafts. The website also highlights a large stock of components and a commitment to fast turnaround times. They even have a product catalogue available online.

Financially, Firow Propshafts Ltd shows some interesting trends. Current assets remained relatively stable at around £1.1 million, while net assets increased by 9.2% to £1.1 million. However, bank borrowings increased significantly by 2,400% to £29,000. Cash reserves also increased by 9.2% to £690,000. Trade creditors decreased by 73%, which is a positive sign. The company's small size—meeting two of three conditions for being classified as small—helps it maintain agility. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The company's financial statements were prepared by Mourne & Co, and show a profit of £150,000. While the company is doing well, it is important to keep an eye on the increase in borrowings. The company’s focus on specialist manufacturing and its commitment to customer service appear to be key drivers of its success.

Registered in England/Wales under the registration number 10241966, with a registered address at CW4 8AG, United Kingdom, Holmes Chapel, Cheshire, Units 1 & 2 Manor Lane Business Park, Manor Lane.

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