Holywell Engineering Limited

Holywell Engineering Ltd, based in Sutton Coldfield, UK, is a small, active company that’s been around for 54 years, having been founded in 1970. With just one employee and £737,631 in assets, it operates from a virtual address – a fact highlighted by the presence of 117 other companies registered at the same location. The company is run by two directors and has one owner, though the owner list may not be exhaustive. It’s an irregular importer, with its top category being basic metal tools and utensils, though the last import was way back in 2016.

The company’s website reveals a diverse range of activities beyond its basic description. Holywell Engineering isn't just about metal tools; it’s a multifaceted business with three distinct divisions: Holywell Mining Products, Holywell Pressings, and Holywell Rescue Products. The mining division, established in 1964, focuses on manufacturing and supplying mining products, while Holywell Pressings specializes in subcontract engineering work for industries like classic cars and automotive aftermarket. The rescue division, with over 30 years of experience, provides high-quality rescue products to emergency services. The website boasts competitive pricing, fast deliveries, and a skilled workforce – all key selling points for its various offerings.

Financially, Holywell Engineering’s picture is a little mixed. Accumulated depreciation has remained steady, but cash bank has decreased by 20% to £18,000. Bank borrowings have increased, and creditors have risen slightly. Net assets, however, have declined, indicating a potential strain on the company’s equity. Despite the small size – meeting two of three criteria for a small company – and the lack of an auditor mentioned (likely exempt), the company’s diverse activities and long history suggest resilience. The company’s current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date. It’s clear that the company is facing some financial pressures, but its multiple business arms and established reputation may help it weather the storm.

Registered in England/Wales under the registration number 00993860, with a registered address at B72 1UJ, United Kingdom, Sutton Coldfield, West Midlands, C/O Bissell & Brown Charter House, 56 High Street.

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