Krempel Industries Limited

Krempel Industries Ltd, based in Bideford, UK, is a large, active company established 24 years ago. With 120 employees and £4,319,071 in assets, it’s a significant player in its sector. The company, managed by two directors and one owner, maintains a real address and boasts a respectable 4.0 Google rating from 11 reviews. It regularly imports machinery, boilers, and mechanical appliances—parts, with 49 months of import activity—and exports electrical machinery and equipment, with a robust 244 months of export activity.

Krempel’s website showcases a diverse range of products and services, primarily focused on electrical insulation materials, composites, and electronic materials. It operates across multiple segments, including energy, mobility, and industry, with a strong emphasis on customized solutions. The company’s offerings extend from high-performance materials to advanced components, catering to various applications like automotive, aerospace, and medical technology. It even has a presence in the piano restoration business, though the connection to the core PPE business is not immediately clear.

Financially, Krempel’s recent performance shows some concerning trends. While the company’s equity increased by 14%, net assets dropped 73% to £140,000. Bank borrowings have surged by an astonishing 6,100%, reaching £440,000, and cash reserves have fallen 73% to £140,000. Trade debtors have decreased by 23%, suggesting improved collections, but creditors have increased by 29%, indicating a rise in short-term liabilities. The company’s small size (meeting two of three criteria for a large company) helps it remain flexible, but the significant drop in equity and cash reserves raises questions about its financial health. The company’s accounts are unaudited, as is typical for a company of its size.

The company’s continued focus on exports and its broad range of products suggest a resilient business model, but the recent financial pressures warrant close monitoring. The lack of an auditor mentioned in the report suggests that the company is exempt from external scrutiny, leaving investors to rely on management’s reporting.

Registered in England/Wales under the registration number 03989736, with a registered address at EX39 3EX, Bideford, Devon, Delanco Works, Clovelly Road.

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