Guttridge Limited

Guttridge Ltd, based in Spalding, UK, is a well-established company with a strong presence in the materials handling equipment sector. Founded 62 years ago in 1962, this large company, boasting 92 employees and £5,030,288 in assets, has a real address and operates with four directors, though no owners are currently listed. The company maintains a perfect 5.0 Google rating based on four reviews. Guttridge is a regular importer and exporter, specializing in machinery, boilers, and mechanical appliances, with 55 months of import activity and 113 months of export activity.

The company’s website highlights its expertise in designing and manufacturing materials handling machinery for various industries, including animal feed, cereals, chemicals, and biomass. They offer a wide range of equipment, from bucket elevators and screw conveyors to bulk bag handling systems and mixers. A key feature is their focus on bespoke solutions, combining experience with advanced material testing for optimal equipment design. They are part of the MHA group, a global force in bulk handling. Recent news includes welcoming new team members and hosting visits from industry professionals.

Financially, Guttridge Ltd presents a mixed picture. While turnover reached £15,157,065, current assets decreased by 21% to £5,000,000. Bank borrowings increased significantly, with non-financial instruments between one and two years rising by a staggering 1400%. However, creditors decreased by 28%, suggesting improved debt management. Depreciation and amortization expenses increased by 76%, and staff costs rose 11%. The company’s size (meeting two of three criteria for a large company) and the lack of an auditor (likely exempt) mean the figures are unaudited.

Despite the challenges, Guttridge Ltd’s long history, diverse product range, and focus on custom solutions position it as a key player in the materials handling equipment market. The increased bank borrowings and decrease in current assets, however, suggest a need for careful financial management in the coming years.

Registered in England/Wales under the registration number 00731549, with a registered address at PE11 3UU, Spalding, Lincolnshire, Wardentree Park, Pinchbeck.

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