Llanelec Precision Engineering Company Limited

Llanelec Precision Engineering Company Limited, based in Neath, UK, is a small, active company founded 38 years ago in 1987. Employing 44 people, the company holds £9,958,210 in assets and operates from a real address within the Neath Abbey Business Park. With three directors and no reported owners, it maintains a respectable Google rating of 4.0 based on 18 reviews. The company is a regular importer, specializing in railway and tramway vehicles and parts, with 22 months of import activity recorded, the last in December 2024.

Llanelec specializes in precision CNC machining of running gear for military vehicles and the supply of solid compound wheels. It recently invested in a new, 100,000 sq ft manufacturing facility on 8.5 acres, with plans to expand to 120,000 sq ft by 2025. The company actively seeks new contracts and supports the UK MOD, as evidenced by its recent awarding of three 7-year contracts. It also donates to local charities and has signed the Armed Forces Covenant.

Financially, Llanelec’s picture is mixed. While current assets increased by a substantial 100% to £10,000,000, net assets also rose by 29% to £10,000,000. However, bank borrowings have vanished completely, and cash reserves decreased by 38% to £420,000. Trade debtors have increased significantly, by 100%, suggesting potential issues with customer 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 flexibility, but the decrease in cash reserves warrants attention. The company’s accounts are unaudited, and no auditor is mentioned, likely due to its small size.

Overall, Llanelec appears to be a stable, albeit somewhat cash-strapped, operation, benefiting from long-standing relationships with key clients and continuing to invest in its manufacturing capabilities.

Registered in England/Wales under the registration number 02134577, with a registered address at SA10 7DR, Wales, Neath, Nidum House Neath Abbey Business Park, Neath Abbey.

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