John Day Engineering (welford) Limited

John Day Engineering Welford Ltd from Hungerford UK is a small, active company established 40 years ago, in 1984. Employing 21 people, it holds assets totaling £2,804,907. The business, a family affair with three directors and two owners, maintains a real address and boasts a stellar 5.0 Google rating from 18 reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the last import operation occurring one month ago.

The company operates as agents selling agricultural raw materials, livestock, textile raw materials, and semi-finished goods, as well as agents involved in the sale of machinery, industrial equipment, ships, and aircraft. While a website isn't available to analyze, the business clearly focuses on industrial supply and engineering services.

Financially, John Day Engineering Welford Ltd shows a mixed picture. Current assets increased by 58% to £2,800,000, a positive sign of growth. However, bank borrowings surged by 340%, reaching £490,000, and cash reserves plummeted 92% to just £6,000—a significant drop. Creditors decreased by 63%, suggesting improved debt management, and trade debtors increased by 9.8%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the small company exemption.

The sharp decline in cash reserves, despite increased assets, could indicate that the company is reinvesting heavily in its business or facing temporary cash flow challenges. It’s possible that the increased borrowings are supporting this expansion, but the company will need to carefully manage its debt levels to ensure long-term financial stability.

Registered in England/Wales under the registration number 01855357, with a registered address at RG17 7TJ, Hungerford, Berkshire, Johnboys Farm Ramsbury Road, Membury Industrial Estate Lambourn Woodlands.

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