Interpower Induction Ltd

Interpower Induction Ltd from Walsall UK: a small, holding company with an active status, was founded 32 years ago in 1992. It employs 16 people and holds assets valued at £1,954,489. The company has four directors and one owner, operating from a real address. It regularly imports electrical machinery and equipment (23 months imported) and exports machinery, boilers, and mechanical appliances; parts (12 months exported).

The company’s core business involves the manufacture of other electrical equipment, repair of other equipment, manufacture of ovens, furnaces and furnace burners, and installation of industrial machinery and equipment. It also operates a separate division, Interpower Induction Europe Limited, which specializes in induction heating equipment. The company’s website, while basic, highlights its expertise in custom-designed induction heating solutions for various industries, including automotive, aerospace, and medical. It’s unclear how closely the two divisions are linked, but both emphasize engineering expertise and bespoke solutions.

Financially, Interpower Induction Ltd presents a mixed picture. Current assets have increased by a substantial 28%, reaching £2,000,000, while net assets have surged 34%, hitting £1,200,000. However, bank borrowings have also increased significantly by 500%, reaching £99,000, and cash reserves have decreased by 58%, falling to £130,000. Trade debtors have ballooned by 86%, suggesting potential issues with customer payments or a deliberate expansion of credit terms. Creditors have also increased by 17%, reaching £860,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debt levels warrant attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s workforce has also increased by 44%, from 16 to 23 employees, which could be a sign of growth but also a potential strain on resources. The increased debt, coupled with the decreased cash reserves, suggests the company may be reinvesting heavily in its operations, perhaps to expand its product offerings or enter new markets. The company’s success will depend on its ability to manage its debt levels and continue to generate strong sales.

Registered in England/Wales under the registration number 02724156, with a registered address at WS8 6LH, England, Walsall, West Midlands, 250 Lichfield Road, Brownhills.

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