F.t. Gearing Systems Limited

FT Gearing Systems Ltd from Aldershot UK: a large company, holding company, active status, founded 47 years ago, employing 88 people, and holding assets of £10,388,655. The company has a real address, four directors, and one owner, boasting a stellar 5.0 Google rating based on a single review. It regularly imports basic metal tools and utensils (71 months) and exports machinery, boilers, and mechanical appliances; parts (106 months).

The company’s core business revolves around precision gear manufacturing for the aerospace and defence sectors. Established in 1978, FT Gearing Systems provides high-precision geared components, ranging from small gears for fuel management to larger gears for jet engine fuel pumps. They offer a comprehensive suite of services, including gear grinding, hobbing, shaping, CNC milling, diamond lapping, and EDM wire erosion, alongside component assembly. The company’s website highlights its commitment to cutting-edge technology and lean manufacturing principles, with seven satellite facilities supporting its operations.

Financially, FT Gearing Systems Ltd presents a mixed picture. While assets increased by 18% to £10 million, cash bank on hand decreased by 24% to £2.4 million. Creditors have risen by 31%, suggesting increased reliance on short-term financing, and bank borrowings have increased. Despite these challenges, the company’s net assets grew by 9.7% to £12 million. The company’s workforce has also expanded, with an average of 96 employees during the reporting period, a 9.1% increase. The company’s auditor is Sumer Audit, and the accounts are audited.

The company’s increased debt and reduced cash reserves could be a sign of investment in new equipment or expansion, but it also suggests a need to carefully manage its finances. The company’s strong reputation and focus on high-precision manufacturing, however, provide a solid foundation for future growth. The company's continued investment in technology and technician training, as highlighted on its website, indicates a forward-thinking approach, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 01349963, with a registered address at GU12 4UB, Aldershot, Hampshire, Unit 3 Northtown Trading Estate, 122-128 North Lane.

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