Foster Engineering Services Ltd

Foster Engineering Services Ltd, based in Leeds, UK, is a small, active company founded five years ago. It’s a solo-founded operation with one director and one employee, holding £5,809 in assets. The company operates from a real address and is an irregular importer of machinery, boilers, and mechanical appliances, with a recent import recorded just last month. It’s a tight-knit business, with all aspects managed by its founder.

The company’s website paints a picture of a versatile engineering service provider. They offer installation, servicing, repairs, and fabrication services directly to industry, often on behalf of leading equipment manufacturers. Beyond machinery, they also specialize in security fencing, facilities management, and even ultra-high-pressure systems, offering spare parts and service for waterjet cutting systems. They even have a section dedicated to sourcing industrial parts, showcasing their extensive network and experience. The website’s design is simple, but functional, with a contact form and WhatsApp messaging option.

Financially, Foster Engineering Services Ltd shows a mixed bag. Current assets have dropped significantly, falling 63% to just £5,800. Bank borrowings have decreased by 13%, reaching £17,000, and cash reserves have plummeted 170%, ending at a negative £3,500. Creditors have decreased by 51%, which is a positive sign, but the sharp decline in cash and the negative balance are concerning. Loans from directors have decreased significantly, dropping 33,000%. 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 flexibility, but the decrease in equity suggests it’s burning through cash. As a small company, it’s exempt from an audit, so the figures are unaudited.

It appears Foster Engineering Services Ltd is navigating a challenging period. While its range of services and industry experience are strengths, the financial data suggests it’s facing liquidity issues. Whether it can sustain its operations and turn things around remains to be seen, but it’s clear that careful management of cash flow will be crucial.

Registered in England/Wales under the registration number 12389366, with a registered address at LS15 7QF, England, Leeds, 71 Cross Gates Avenue.

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