G & A Wallace Engineers Limited

G & A Wallace Engineers Ltd from Hexham UK: a small, active company founded 13 years ago, employs eight people, and holds £517,338 in assets. It’s a real address, managed by three directors and two owners, and operates as a family business. The company regularly imports machinery, boilers, and mechanical appliances, with 38 months of import activity recorded.

The business specializes in automated milking, cooling, and feeding systems, acting as main dealers for Fullwood milking systems, Trioliet feeding technologies, and Packo cooling systems. They serve customers across the North East, North Yorkshire, and Cumbria, offering services through a team of qualified engineers. The company's website highlights its expertise in dairy engineering, offering a range of services from installation to maintenance and even disaster recovery for damaged equipment. It's clear they're focused on providing a comprehensive solution for dairy farmers.

Financially, G & A Wallace Engineers Ltd shows a mixed picture. Cash reserves declined by 20% to £210,000, while creditors decreased by 10%, suggesting improved debt management. Bank borrowings also fell by 13%, a positive sign. However, trade debtors increased significantly by 52%, which could indicate delayed customer payments. Despite these fluctuations, the company remains small, meeting two of three conditions for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, exempt due to its small size, show a 51% increase in retained earnings, which is encouraging.

Overall, G & A Wallace Engineers Ltd seems to be navigating a period of change. While some financial metrics have weakened, the company’s focus on a specialized niche and its family-run structure could help it weather any storms.

Registered in England/Wales under the registration number 07936203, with a registered address at NE46 3PU, England, Hexham, Northumberland, First Floor St Matthews House, Haugh Lane.

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