Harrisons Engineering (lancashire) Limited

Harrison’s Engineering Lancashire Ltd, based in Billington, UK, is a well-established company with a 30-year history. The firm, which employs 109 people, holds assets worth £4.64 million and generates an annual revenue of £15.64 million. It's a large company, acting as a holding company with an active status, and is overseen by eight directors and one owner. Google users rate it a perfect 5.0 based on 25 reviews. The company irregularly exports nickel and nickel products, with its last export operation occurring over a year ago.

Harrison’s Engineering provides a comprehensive engineering service, from design to construction, catering to various industries including construction, rail, highways, aerospace, nuclear, and utilities. Their website highlights a wide range of services, including design management, fabrication, welding, engineering, machine shop capabilities, blasting, painting, installation, maintenance, and groundwork, all underpinned by a commitment to quality and innovation. They even offer turnkey project management solutions.

Financially, the company’s recent performance presents a mixed picture. While turnover remains substantial, net assets have increased by a significant 14%, reaching £5.1 million. However, cash bank on hand has dramatically decreased by 88%, falling to just £230,000. Bank borrowings have also risen, and creditors have decreased, suggesting improved debt management. The company's staff costs have increased by 9%, reflecting the need to maintain a skilled workforce. It’s worth noting that the company’s auditors, PM+M Solutions for Business LLP, have provided an unqualified opinion on the financial statements.

The decrease in cash reserves, while concerning, could be due to investments in equipment or expansion—though it’s difficult to say for sure. The company’s continued success will likely depend on its ability to maintain its reputation for quality and adapt to changing market conditions.

Registered in England/Wales under the registration number 02974428, with a registered address at BB7 9TP, Billington, Clitheroe Lancashire, Judge Walmsley Mill, Longworth Road.

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