Ingimex Limited

Ingimex Ltd, based in Telford, Shropshire, UK, is a well-established family business with a long history, having been incorporated 52 years ago in 1972. This large company, employing 40 people, boasts assets of £1,854,460 and operates from a real address. Two directors and two owners manage the business, which has earned a 3.0 rating on Google based on 16 reviews. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 53 months of import activity and 3 months of export activity recorded.

Ingimex’s core business revolves around the manufacture of light commercial vehicle (LCV) bodies. Their website showcases a wide range of conversions, including dropsides, tippers, and Luton vans, built on chassis from leading manufacturers like Ford, Iveco, Mercedes, and Volkswagen. They even offer spare parts and modifications, and the website highlights a commitment to quality, testing, and customer service. The company’s website also mentions a new capital project to generate nitrogen for laser use.

Financially, Ingimex Ltd presents a mixed picture. While turnover increased by 59% to £8 million, net assets also increased by 14% to £2.6 million. However, cash reserves fell 170% to -£140,000, and bank borrowings increased by 15%, reaching £1.3 million. Creditors decreased by 21%, which suggests improved debt management. The company’s staff costs increased by 20% to £1.5 million. Despite these challenges, the company’s large size (meeting two of three criteria for a large company) and its focus on a specialized niche – LCV body manufacturing – may help it weather the storm. The company’s financial statements were audited by Azets Audit Services.

It seems that Ingimex is investing in its future, but the decrease in cash reserves warrants close monitoring. The company’s success hinges on maintaining its reputation for quality and adapting to changing market demands.

Registered in England/Wales under the registration number 01058472, with a registered address at TF7 4QT, Shropshire, Halesfield 19, Telford.

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