Ginho Europe Precision Manufacturing Co Ltd

Ginho Europe Precision Manufacturing Co Ltd, based in Burton-on-Trent, UK, is a large, active company established thirteen years ago. Employing thirteen people, the company holds £9,171,254 in assets and generates a substantial £20,627,763 in yearly revenue. With three directors and a single owner, and a stellar 5.0 Google rating from four reviews, Ginho Europe operates from a real address and regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 198 months of import activity and 75 months of export activity.

The company's website showcases a focus on automotive components and precision manufacturing. Ginho Group Europe offers a range of services, from investment castings and centrifugal castings to machined parts and hydroforming operations. They specialize in producing complex components with specific tolerances for automotive applications, highlighting their integrated business model and collaborative approach. Their capabilities extend to just-in-time delivery, quality management, and technical support, catering to various sectors and accommodating diverse alloy requirements.

Financially, Ginho Europe shows a mixed picture. While cash bank on hand increased by 19% to £270,000, administrative expenses grew by 4.5% to £1,300,000. Net assets increased by 520% to £650,000, a significant boost. However, accrued liabilities decreased by 25% to £190,000. Bank borrowings are not mentioned. The company’s turnover increased by 7.4% to £21 million, but net profit decreased by 17% to £250,000. The increase in average employees by 23% to 16 could indicate expansion, but it also means higher wage costs. The company’s auditors, Shinewing Wilson Accountancy Limited, provided an unaudited report.

The company’s strong focus on the automotive sector and its commitment to quality and customer service suggest a stable foundation. However, the fluctuating profit margins and the increase in expenses warrant close monitoring. The company’s ability to maintain its competitive edge in the automotive market will depend on its ability to manage costs and adapt to changing market conditions.

Registered in England/Wales under the registration number 07993185, with a registered address at B77 5DY, England, Tamworth, Unit B Tame Park Vanguard, Wilnecote.

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