Goodwin Machinery Limited

Goodwin Machinery Ltd from Manchester UK: a small, active company founded 20 years ago, employs four people, and holds £246,455 in assets. It operates from a virtual address, managed by two directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances – parts, with 8 months of import activity recorded, and exports similar items, boasting 29 months of export activity.

The company’s website, Goodwin Machinery, positions itself as the largest used cable and wire manufacturing machinery suppliers in the UK. They offer new and used machinery, expert advice, installation services, refurbishment, and maintenance programs. They even hold intellectual property and provide genuine spare parts for various manufacturers. A featured product is a 13-die non-ferrous rod breakdown machine. The company’s contact details are listed, along with copyright information and a responsive website design. It’s clear they’re focused on serving the cable and wire manufacturing industry, offering a full range of services from supply to maintenance.

Financially, Goodwin Machinery Ltd shows some concerning trends. Cash bank on hand decreased by nearly 7%, dropping to £150,000. Trade debtors have also fallen significantly, by 31%, and current assets have decreased by 16% to £250,000. However, creditors have also fallen by 46%, suggesting improved debt management. Equity has declined by 9%, which is a bit worrying, and net current assets have also decreased by 9%. It's a small company, meeting two of three conditions for small business status (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The lack of an auditor mentioned suggests they’re exempt as a small company, so the figures are unaudited.

While Goodwin Machinery appears to be a long-standing player in a specialized market, the financial data indicates a potential need for careful management. The decrease in cash and equity, combined with the reliance on creditors, suggests the company might be burning through money. The company's longevity and expertise in the industry, however, could help it weather these challenges.

Registered in England/Wales under the registration number 05246083, with a registered address at M3 7BG, United Kingdom, Manchester, The Copper Room Deva City Office Park, Trinity Way.

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