Neptune Engineering Co.limited

Neptune Engineering Co. Ltd, based in Stevenage, UK, is a small, active company with a history spanning 54 years, having been founded in 1970. With a single employee and £604,825 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 6 months of import activity recorded, the last in December 2022. It also exports cotton products irregularly, with 2 months of export activity, the most recent in November 2024.

The company’s core business appears to be precision engineering, as highlighted on its profile page. Neptune Engineering Co. Ltd owns Neptune Injection Europe Limited and Neptune Injection Limited, suggesting a broader scope of operations beyond its stated manufacturing activities. Its website is currently unavailable, making it difficult to assess its e-commerce presence or direct sales activities.

Financially, Neptune Engineering Co. Ltd presents a mixed picture. Current assets have decreased by 19% to £600,000, while net assets have increased by 4.4% to £1.6 million. Bank borrowings have significantly reduced by 89%, reaching £38,000, and cash reserves have fallen by 23% to £540,000. Creditors have increased by 110%, suggesting a potential reliance on trade credit. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

The decrease in current assets and cash reserves, while concerning, could be attributed to increased investment in inventory or capital expenditures. The rise in creditors suggests improved negotiation terms with suppliers or a temporary cash flow challenge. Overall, Neptune Engineering Co. Ltd appears to be a stable, albeit modestly sized, business navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 00995083, with a registered address at SG1 2DL, United Kingdom, Stevenage, Hertfordshire, Unit 10 Bowmans Trading Estate, Bessemer Drive.

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