Hadleigh Castings Limited

Hadleigh Castings Ltd, based in Ipswich, UK, is a large, active company with a long history, having been founded 55 years ago in 1969. Employing 104 people, it holds assets valued at £3,280,212. With eight directors and one owner, the company boasts a stellar 5.0 Google rating based on five reviews. Hadleigh Castings is a regular importer of machinery, boilers, and mechanical appliances, parts, and a regular exporter of optical and medical tools and devices.

The company’s website paints a picture of a traditional British foundry, specializing in aluminum casting for a variety of industries, including aerospace, automotive, and marine. It offers a comprehensive range of services, from CAD/CAM design and pattern making to precision sand casting and CNC machining, and even final assembly and despatch. The website emphasizes its expertise, advanced technology, and commitment to customer satisfaction. It’s clear they're targeting businesses needing high-quality, custom-cast components.

Financially, Hadleigh Castings Ltd presents a mixed picture. Current assets have decreased by 12%, falling to £3.3 million, while net assets have also decreased by 7.1%, down to £4.3 million. Borrowings have increased by a significant 100%, reaching £84,000, and cash reserves have fallen 68%, dropping to £220,000. However, creditors have also decreased by 22%, suggesting some improvements in debt management. The company meets two of three conditions to be considered large, with turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The absence of an auditor is likely due to its size.

Overall, Hadleigh Castings Ltd appears to be navigating a period of financial pressure. The decrease in cash reserves and increase in borrowings are concerning, but the decrease in creditors suggests some positive steps. The company’s long history and established reputation, coupled with its diverse range of services, should help it weather these challenges—but the management team will need to keep a close eye on its financial performance.

Registered in England/Wales under the registration number 00965267, with a registered address at IP7 5PW, Ipswich, Suffolk, Pond Hall Road, Hadleigh.

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