Newbridge Engineering Limited

Newbridge Engineering Ltd, based in Hartlepool, UK, is a small, active company founded 28 years ago in 1997. With 60 employees and £1,576,959 in assets, it's a well-established operation run by five directors and a single owner, Nugent Terence, who is also the solo founder. The company operates a real address and maintains an e-commerce site, though its Google rating currently sits at 3.0 based on just four reviews. Newbridge Engineering regularly imports machinery, boilers, and mechanical appliances—parts, with the latest import activity recorded four months ago in November 2024.

The company specializes in the manufacture of metal structures and parts of structures, serving the industrial sector. Its website, while not providing extensive detail, suggests a focus on engineering solutions. It’s a small company, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Newbridge Engineering shows a mixed picture. While cash reserves increased by 33% to £710,000, net assets decreased by 8.6% to £520,000. Bank borrowings have been reduced by 30% to £370,000, which is a positive sign. However, current assets have fallen by 10% to £1,600,000, and net current assets and liabilities have increased significantly by 140% to -£190,000. Trade debtors have remained relatively stable, decreasing just 0.72% to £870,000. Creditors have increased by 17% to £1,800,000. The company's unaudited financial statements, exempt due to its small size, don't mention an auditor.

Overall, Newbridge Engineering appears to be navigating a period of change. While cash flow is healthy, the decrease in net assets and the growing net current liabilities suggest the company is burning through money. The increase in creditors could be a result of expansion or a need to manage short-term obligations. It's a solid, long-standing business, but needs to keep a close eye on its financial health to ensure sustainable growth.

Registered in England/Wales under the registration number 03355640, with a registered address at TS25 2BU, Hartlepool, Tees Bay Business Park, Brenda Road.

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