James Mcgowan Engineering Limited

James McGowan Engineering Limited, based in Cambuslang, Glasgow, is a small, active company established 49 years ago. With 24 employees and £3,021,987 in assets, it operates as a holding company and regularly imports and exports machinery, boilers, and mechanical appliances, parts. Five directors oversee the business, which is owned by Mmnr Ltd. The company's registered address is real, with only two companies registered at the same location.

The company’s website showcases a diverse range of engineering services, from custom machinery fabrication to mechanical handling solutions. It designs, manufactures, installs, and distributes equipment, catering to industries like food and drink, nuclear decommissioning, and plant hire. A key focus is cask handling equipment and forklift attachments, with agency agreements for Bolzoni Auramo and Meyer attachments. The website gives the impression of a well-established, customer-focused operation.

Financially, James McGowan Engineering Limited presents a mixed picture. Current assets have increased by 21%, reaching £3 million, while net assets have surged 110%, reaching £1.4 million. Cash reserves have grown significantly, increasing by 90% to £1.8 million. However, trade debtors have decreased by 57%, suggesting slower customer payments. Bank borrowings have decreased by 2400%, reaching £29,000. Creditors have decreased by 18%, indicating improved debt management. 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. The company’s auditor is Nelson Gilmour Smith.

The growth in cash reserves is a positive sign, suggesting improved operational efficiency. However, the decrease in trade debtors warrants attention, as it could impact future cash flow. The company's ability to maintain its growth trajectory will depend on its continued success in delivering engineering solutions and managing its financial resources effectively.

Registered in Scotland under the registration number SC057956, with a registered address at G72 8XN, Scotland, Glasgow, Dechmont Works Lightburn Road, Cambuslang.

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