Mccloskey Equipment Limited

McCloskey Equipment Limited, based in Didcot, UK, is a medium-sized company with an active status, having been established eighteen years ago in 2007. Employing twenty-one people, the company holds assets valued at £18.5 million and generates annual revenue of £21 million. It operates from a real address and is led by one director and one owner. McCloskey Equipment specializes in importing and exporting machinery, boilers, and mechanical appliances, including parts, with a consistent record of activity over the past several years.

The company’s website showcases a wide range of crushing, screening, and washing equipment, catering to the aggregate and materials processing industries. It's clear McCloskey operates as a manufacturer and distributor, offering both new equipment and aftermarket support, including spare parts and maintenance kits. The site also highlights a network of dealers worldwide, emphasizing a global reach. Recent news announcements point to expansion through partnerships and appointments, indicating growth ambitions.

Financially, McCloskey Equipment Limited’s report reveals a mixed picture. While turnover decreased by 24%, from £28 million to £21 million, cash reserves have fallen significantly by 98%, leaving only £870. Bank borrowings have increased substantially, rising 110% to £650,000. Creditors have also increased, by 2.5% to £14 million. Despite these challenges, net assets have increased by 1.9% to £4.4 million. The company’s depreciation expense has increased dramatically, rising 1,100% to £52,000. The company’s auditor is Mooney Matthews Ltd.

These numbers suggest McCloskey may be experiencing some cash flow pressures despite maintaining a healthy asset base. The decrease in turnover could be attributed to broader market conditions or strategic shifts, while the increased borrowings may reflect investments in growth or working capital needs. It’s possible that the company is navigating a period of transition, balancing expansion with financial stability.

Registered in England/Wales under the registration number 06153069, with a registered address at OX11 7HR, England, Didcot, Mccloskey House Southmead Industrial Estate, Hawksworth.

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