Larchtower Engineering Limited

Larchtower Engineering Limited, based in Gloucester, UK, is a small holding company with an active status, celebrating 38 years since its founding in 1987. Employing 54 people and holding assets valued at £2,439,624, the company operates from a real address and is overseen by four directors and one owner. It’s a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 338 months of import activity and 438 months of export activity recorded.

The company’s website reveals a fascinating dual identity. While officially Larchtower Engineering, the site prominently features Forge Motorsport, a brand specializing in high-performance automotive components. Forge Motorsport operates across the UK, US, and Asia, offering a diverse range of products from turbochargers and exhaust systems to silicon hoses and intercoolers. The website details a commitment to quality, innovation, and customer service, with a strong emphasis on British engineering and manufacturing. It's clear that Larchtower Engineering acts as the holding company for this thriving automotive business, providing strategic oversight and potentially financial support.

Financially, Larchtower Engineering’s recent performance presents a mixed picture. Current assets decreased by 2.7% to £2,400,000, while net assets fell 9.3% to £1,900,000. Bank borrowings increased significantly by 4400% to £44,000, and cash reserves dropped 82% to £130,000. Trade debtors rose 40% to £420,000, suggesting potential challenges in collecting payments. 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 agility, but the decrease in equity warrants closer scrutiny. The financial statements are unaudited, as the company is exempt from an audit due to its size.

The surge in bank borrowings and decline in cash reserves could indicate increased investment in Forge Motorsport’s expansion efforts, or potentially, a period of tighter cash flow. The rise in trade debtors suggests a need to improve collection processes. While the company’s automotive business appears to be flourishing, Larchtower Engineering’s financial health requires careful monitoring.

Registered in England/Wales under the registration number 02100158, with a registered address at GL2 5EU, England, Gloucester, Unit 1a Ashville Industrial Estate, Ashville Road.

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