Ledwood Mechanical Engineering Limited

Ledwood Mechanical Engineering Ltd, based in Pembroke Dock, UK, is a sizable company with a holding structure and active status. Established 24 years ago in 2000, it employs 154 people and holds assets worth £17,962,266. The company generated a revenue of £31,925,516 in the last reported year. With five directors and two owners, it maintains a real address and boasts a respectable Google rating of 4.0 based on 11 reviews. It's an irregular importer, specializing in machinery, boilers, and mechanical appliances, with recent import activity recorded just one month ago.

The company’s website highlights its broad range of services, positioning it as a leading provider of engineering, fabrication, coating, and construction solutions for the global energy production and processing industries. It caters to sectors including oil and gas, petrochemicals, renewables, nuclear, and steel, offering services from design and procurement to fabrication and maintenance. It’s clear they’re aiming for a full-service approach, providing everything from project management to specialized coatings. They even offer modularisation and turnaround services, suggesting a focus on efficiency and large-scale projects.

Financially, Ledwood Mechanical Engineering Ltd presents a mixed picture. While turnover increased significantly by 72%, from £19 million to £32 million, key indicators show some pressure. Net assets decreased by 18%, falling to £12 million, and cash reserves plummeted by 62% to £6.5 million. Bank borrowings increased by 210%, reaching £1.3 million, and trade debtors rose by 55% to £17 million. Creditors also increased by 13% to £6.2 million. The company’s size (meeting two of three criteria for a large company: turnover over £36 million, balance sheet over £18 million, and over 250 employees) means it’s subject to more scrutiny, but the increase in bank borrowings and the decrease in cash reserves are concerning. The average number of employees increased by 50% to 230, which could be a sign of growth, but also adds to operational costs. No auditor is mentioned, likely due to exemption rules for larger companies.

Overall, Ledwood Mechanical Engineering Ltd is a significant player in its sector, but the recent financial trends suggest it's navigating a challenging environment. The company’s success will likely depend on its ability to manage costs, maintain customer relationships, and capitalize on opportunities in the evolving energy landscape.

Registered in England/Wales under the registration number 04045742, with a registered address at SA72 4RR, Pembroke Dock, Pembrokeshire, Units 9-11 Waterloo, Industrial Estate.

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