Nasmyth Iec Limited

Nasmyth Iec Ltd, based in Coventry, UK, is a sizable company with a 19-year history, currently employing 56 people. Holding £2,936,000 in assets and generating £6,554,000 in yearly revenue, it operates as a holding company with an active status. The company, registered at a real address, is overseen by four directors and two owners, boasting a respectable Google rating of 4.0 from 11 reviews. It regularly imports optical and medical tools and devices, and exports machinery, boilers, and mechanical appliances.

The company’s website details a focus on precision engineering and fabrication services, particularly within the aerospace, defence, satellite, and nuclear sectors. It highlights capabilities like precision fabricated structures, complex welding, and multi-axis milling, catering to a range of clients. The website also mentions a recent integration with Nasmyth Coventry CE, further expanding its service offerings.

Financially, Nasmyth Iec Ltd’s recent report presents a mixed picture. While turnover remained steady, net assets decreased by 14%, falling to -£1,000,000. Bank borrowings increased by 46%, reaching £1,100,000, and cash reserves declined by 81%, dropping to £51,000. Creditors, however, decreased by 58%, suggesting improved management of short-term liabilities. The company meets two of three criteria to be considered large, indicating a significant operation. Although no auditor is mentioned, the report is unaudited.

The decrease in cash reserves and net assets, alongside the increase in bank borrowings, suggests the company may be facing some financial pressures. However, the decrease in creditors indicates a focus on managing debt. The company’s continued focus on high-value engineering services, combined with its established reputation, may help it navigate these challenges.

Registered in England/Wales under the registration number 05476239, with a registered address at CV7 9FT, Coventry, Nasmyth House Coventry Road, Exhall.

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