Foredowel Limited

Foredowel Limited, based in Port Talbot, UK, is a small holding company with an active status, celebrating 43 years in business. Employing 14 people and boasting assets of £576,079, the company operates from a real address and is overseen by four directors and one owner, all while maintaining a perfect 5.0 Google rating based on one review. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation occurring one month ago.

The company's website highlights its role as specialist steel engineers with over 30 years of experience. Foredowel provides a multifaceted range of engineering services, including site engineering, fabrication, machining, pipework, design, and welding. They cater to both local and international clients, working to deadlines and accommodating downtime. Their website even mentions a gallery showcasing their expert engineers at work. They also have a blog.

Financially, Foredowel Limited shows some concerning trends. While cash reserves increased significantly, jumping 500% to £130,000, other key metrics paint a less rosy picture. Net assets declined by 13%, falling to £580,000, and current assets decreased by 6.8% to £580,000. Bank borrowings, however, are down 2.3%, settling at £240,000. Trade debtors have plummeted by a substantial 50%, which could indicate improved collection practices or a slowdown in sales. Creditors, however, have increased by 27%, which could be a sign of increased operating costs. The company's small size (meeting two of three criteria for being classified as small) means it’s likely exempt from an audit, so the figures are unaudited.

The increase in cash reserves is a positive sign, but the decline in net assets and the significant drop in debtors suggest the company might be facing some financial headwinds. The company’s ability to maintain its reputation for quality engineering services will be key to navigating these challenges.

Registered in England/Wales under the registration number 01596802, with a registered address at SA12 7BR, Port Talbot, Unit 4 Seaway Parade Industrial, Estate Baglan.

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