Maverick Engineering Limited

Maverick Engineering Limited, based in Norwich, UK, is a small, active company established twelve years ago in 2013. With nine employees and £984,361 in assets, it operates from a real address in Acle and is managed by three directors, including Reynolds Paul Colin as the sole owner. The company is an irregular importer, primarily dealing with iron or steel products, with its last import activity occurring two months ago in November 2022. It specializes in the manufacture of other fabricated metal products and metal structures, catering to commercial and industrial sectors.

The company’s website, maverickengineeringlimited.co.uk, showcases its engineering services, focusing on fabrication, welding, and metalwork solutions. While it doesn't appear to be an e-commerce site, the website serves as a portfolio and contact point for potential clients. It highlights the company's capabilities and commitment to quality workmanship.

Financially, Maverick Engineering Limited presents a mixed picture. Current assets have increased by a substantial 41% to £980,000, while net assets have risen by 25% to £360,000. However, bank borrowings have increased significantly by 47% to £270,000, and cash reserves have decreased by 12% to £140,000. Trade debtors have also increased by 38% to £680,000. 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 rise in debt and decrease in cash warrant attention. The accounts are unaudited, likely due to the company’s small size.

The increase in trade debtors suggests a possible delay in customer payments, or perhaps an expansion of credit terms offered to clients. The rise in bank borrowings could be linked to investment in equipment or expansion of operations. While the company’s assets have grown, the decrease in cash reserves and the rise in debt indicate a need for careful financial management. It’s likely the company is experiencing some growing pains, but the increase in assets suggests that its core business is still performing well.

Registered in England/Wales under the registration number 08480072, with a registered address at NR13 3BD, England, Norwich, Norfolk, The Depot New Road, Acle.

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