First Engineering Services Ltd

First Engineering Services Ltd from Carlisle UK: a small company with an active status, founded 25 years ago, employs 64 people, and holds £1,824,454 in assets. It’s a real address, managed by two directors and two owners, and operates as a family business, boasting a stellar 5.0 Google rating from a single review. The company is an irregular importer of iron or steel products (just one month of imports recorded in August 2023) but a regular exporter of machinery, boilers, and mechanical appliances; parts (eight months of exports, latest in November 2023).

Based in Cumbria, First Engineering Services Ltd specialises in delivering bespoke and complex projects for the beverage, food, and manufacturing industries. The company offers design, procurement, fabrication, construction, installation, and project management services, both domestically and internationally. Beyond new equipment, they provide onsite maintenance and upgrades, minimizing downtime – a crucial service for their clients. The website highlights a focus on customer portals and a dedicated team with diverse experience.

Financially, the picture is mixed. Current assets have fallen by a significant 30%, dropping to £1,800,000, while net assets have also declined by 3.7%, settling at £3,700,000. Bank borrowings remain relatively stable, but cash reserves have seen a substantial increase of 210%, reaching £350,000. Trade debtors have decreased by 47%, which could indicate improved collection efforts, but trade creditors have also fallen by nearly 50%, suggesting a need to manage supplier relationships carefully. 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 flexible, but the decrease in equity warrants attention. With no auditor mentioned, the financial statements are unaudited.

The company's focus on specialised machinery manufacturing suggests a niche market, but the financial data indicates a need to monitor cash flow and manage debt effectively. It seems like they are doing well, but need to be careful.

Registered in England/Wales under the registration number 03932790, with a registered address at CA5 7LX, United Kingdom, Carlisle, Cumbria, First Engineering Services Ltd Barras Lane Industrial Estate, Dalston.

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