Hewaswater Engineering Ltd

Hewaswater Engineering Ltd from St. Austell UK is a small holding company with an active status, celebrating 39 years since its founding in 1985. The company employs 27 people and holds assets totaling £2,161,641. It boasts a real address and is managed by five directors, with one owner. A Google rating of 5.0 from four reviews highlights its positive reputation. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with the last import operation occurring two months ago in October 2018.

The company operates in the manufacture of other fabricated metal products n.e.c., and the manufacture of other general-purpose machinery n.e.c. industries. Its website showcases a steel fabrication business, Hewas Water Steel Fabrication, specializing in structural steelwork, metalwork, and steel processing. They serve sectors like construction, agriculture, marine, and mining, and even offer bespoke metalwork services. The website highlights a 70-year history, emphasizing technological advancements and a commitment to quality. The company also owns Cornwall Manufacturers Group Limited and Hewaswater Scaffolding Limited. Previous names include Hewaswater Ltd, Hewaswater Engineering Limited, and Directstrike Limited.

Financially, Hewaswater Engineering Ltd shows a mixed picture. While net assets increased by 7.5% to £1.9 million, current assets also rose by 8.9% to £2.2 million. However, bank borrowings increased significantly, rising by an impressive 1,700% to £17,000. Dividends paid surged by 130% to £38,000. Cash reserves decreased by 4.6% to £480,000. Creditors also decreased by 11% to £350,000, suggesting improved debt management. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the increase in borrowings is something to keep an eye on. The company is exempt from audit, so the figures are unaudited.

Overall, Hewaswater Engineering Ltd seems to be holding its own, leveraging its long history and technological investments. However, the increased borrowing suggests it’s potentially investing in growth, or facing some short-term financial pressures.

Registered in England/Wales under the registration number 01957026, with a registered address at PL26 7JF, England, St. Austell, Cornwall, Hewaswater, Sticker.

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