Iq Engineers Limited

IQ Engineers Limited, based in York, UK, is a small holding company with an active status, established seventeen years ago. Employing sixteen people and holding £939,127 in assets, it operates from a real address at Northminster Business Park. The company is led by three directors and has one owner, boasting a perfect 5.0 Google rating from a single review. It’s an irregular importer, primarily dealing in iron or steel products, with its last import operation occurring one month ago in December 2023.

The company's website showcases a specialist provider of flow control and flood prevention products, alongside mechanical installation services. It works closely with Adams Hydraulics, providing compatible spares and supporting the water industry. IQ Engineers emphasizes its 35 years of experience, extensive knowledge of legacy equipment, and apprenticeship program for developing engineers. The website highlights its work with water companies, construction companies, and facility maintenance companies, offering products like penstocks, stoplogs, sewage ejectors, and pumping station pipework. They even have a section dedicated to case studies, showcasing their projects and expertise.

Financially, IQ Engineers Limited’s report reveals some interesting trends. Cash reserves decreased by 49%, falling to £100,000, while bank borrowings were reduced by 75%, ending at £25,000. Creditors increased by 15%, reaching £690,000, and trade debtors decreased by 29%, settling at £310,000. The company's net assets, however, increased by 33%, reaching £570,000. The number of employees increased by 19%, to nineteen. While the company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, the drop in cash reserves and increase in creditors suggests a need for careful financial management. The report is unaudited, likely due to the company’s small size.

Registered in England/Wales under the registration number 06528082, with a registered address at YO26 6QU, York, Unit 2h Glaisdale Road, Northminster Business Park.

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