J Reid Engineering Limited

J Reid Engineering Ltd from Deeside, UK, is a small holding company with an active status, established 22 years ago. The company employs 14 people and holds assets valued at £1,465,843. It’s managed by two directors and owned by two individuals, with a real address registered. The company regularly imports machinery, boilers, and mechanical appliances, including parts, with the latest import occurring four months ago. It also exports these items, with the last export operation taking place seven months ago.

The company’s website highlights its specialization in shot blast equipment and services. J Reid Engineering designs, manufactures, and maintains equipment for surface preparation, offering a full range of products from portable units to automatic systems. They cater to a global clientele, with a particular focus on high-quality restoration and maintenance. The website also features a section dedicated to Containablast, a modular surface preparation system designed for operator safety and environmental impact reduction. They sell abrasive media, and offer maintenance services, and even shotblast parts for customers.

Financially, J Reid Engineering Ltd presents a mixed picture. Current assets remained stable at £1,500,000, while net assets decreased by 4%, settling at £1,300,000. Bank borrowings decreased significantly, falling by 77% to £18, while cash reserves also dropped by 4% to £880,000. Trade debtors increased by 21%, reaching £320,000, suggesting a potential shift in payment terms or increased sales. Creditors also rose by 8.5%, to £260,000. The company’s small size, meeting two of three conditions for classification, helps it remain nimble, but the decline in equity warrants attention. No auditor is mentioned, which is common for small companies.

Overall, J Reid Engineering Ltd appears to be a stable, albeit modestly sized, operation. While the financial figures show some fluctuations, the company’s focus on specialized equipment and services, combined with its commitment to quality, suggests a sustainable business model.

Registered in England/Wales under the registration number 04549356, with a registered address at CH5 2QJ, Deeside, Flintshire, Factory Road, Sandycroft.

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