Garrard Jones Engineering Limited

Garrard Jones Engineering Ltd from Derbyshire UK: a small company, holding company, with active status, was founded 28 years ago. It employs 16 people and holds £888,253 in assets, operating from a virtual address. Two directors and two owners manage the business, which boasts a perfect 5.0 Google rating from five reviews. It’s an irregular importer of electrical machinery and equipment, with two months of import activity recorded.

The company’s core business revolves around electrical and mechanical repair, overhaul, and calibration services. It caters to both the mining and industrial sectors, offering a range of solutions from machinery repairs to inverter and gearbox maintenance. Its website highlights expertise in Dinter Cutter Loader machines, a new generation of equipment designed for underground applications. Garrard Jones Engineering also provides services like shot blasting, electrical testing, and pressure testing, and is Baseefa certified for flameproof motor repairs. The company’s history dates back to 1996, founded by two former British Coal electricians, initially focused on mining equipment repair. Now, it’s actively seeking to expand its skills and knowledge within the open market.

Financially, Garrard Jones Engineering Ltd presents a mixed picture. Average number of employees increased by a significant 38%, rising to 22, while cash bank on hand grew by 54% to £270,000. However, creditors jumped 95% to £600,000, and debtors rose 52% to £610,000. Net assets remained steady at £360,000, but future minimum lease payments are expected to increase substantially, with payments within one year rising by 530%. Depreciation impairment for property, plant, and equipment decreased slightly, and 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 agile. With no auditor mentioned, the figures are unaudited.

The company’s focus on specialized repairs and its expansion beyond the mining sector suggest a strategic effort to diversify its revenue streams. The increase in creditors, however, may indicate a need to manage working capital more effectively.

Registered in England/Wales under the registration number 03366760, with a registered address at S40 1LA, Derbyshire, 93-97 Saltergate, Chesterfield.

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