Glosrose Engineering Limited

Glosrose Engineering Limited, based in Maidstone, UK, is a well-established, large company with a family feel, holding a 5.0 Google rating from 7 reviews. Founded 49 years ago, the company employs 32 people and boasts assets of £4,893,170. As a holding company with an active status, it’s a regular exporter of machinery, boilers, and mechanical appliances, with six months of export activity recorded. The company has three directors and four owners, and operates from a real address.

Glosrose Engineering Limited specializes in the supply and hire of mechanical handling equipment, serving companies across Kent, Surrey, Sussex, and London. Its website highlights a broad range of new and used equipment from major manufacturers like Manitou and Bobcat, offering both outright purchase and contract rental agreements. Beyond sales, the company provides servicing, parts, and local support, with a national coverage. The website also features a history section, tracing the company’s growth from a small family business to a nationwide operation.

Financially, Glosrose Engineering Limited’s recent performance shows mixed signals. While turnover increased by a substantial 23%, net assets only increased by 11%, suggesting increased costs or debt. Bank borrowings decreased by 13%, a positive sign, but cash reserves fell by 19%. Trade debtors increased significantly, indicating potential issues with customer payments. Despite these challenges, the company's assets remain strong at £4,893,170. The company is classified as large, meeting two of three criteria. The accounts were audited by TC Group.

Overall, Glosrose Engineering Limited appears to be a stable, long-standing business navigating the typical pressures of a competitive market. Its family heritage and commitment to customer service, coupled with a diverse range of services, position it for continued success, though close monitoring of its financial health will be important.

Registered in England/Wales under the registration number 01252000, with a registered address at ME17 1XD, Maidstone, Kent, Old Mill Farm Old Mill Road, Hollingbourne.

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