Gosnay's Engineering Company Limited

Gosnay's Engineering Company Limited, based in Romford, UK, is a small, holding company with an active status. Established 63 years ago in 1961, the firm employs nine people and holds assets valued at £624,414. It operates from a real address and is overseen by four directors and one owner. The company enjoys a stellar 5.0-star Google rating based on sixty reviews, and is a regular importer of machinery, boilers, and mechanical appliances – parts, with 165 months of import activity recorded.

The company’s operations encompass the manufacture of engines and turbines, maintenance and repair of motor vehicles, and the wholesale trade of motor vehicle parts and accessories. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s difficult to assess the scope of its online presence.

Financially, Gosnay’s Engineering shows a mixed picture. Current assets have decreased by 11%, falling to £620,000, while net assets have increased slightly to £690,000. Cash reserves have fallen significantly by 27%, dropping to £320,000, and bank borrowings have increased by 2400%, reaching £29,000. Creditors have decreased by 33%, suggesting improved debt management, and trade debtors have increased by 41%, which could be a result of expanding credit terms. The company’s reliance on cash reserves to cover its debts is a concern. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s long history and positive Google rating suggest a stable business, but the recent financial trends indicate a need for careful management. The company’s success will depend on maintaining its import activity and effectively managing its cash flow.

Registered in England/Wales under the registration number 00710657, with a registered address at RM7 7NS, Romford, Essex, Mawney Road Junction, Eastern Avenue.

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