Oldham Engineering Limited

Oldham Engineering Ltd, a large company based in Oldham, UK, has been a fixture in the engineering sector for 32 years. Employing 98 people and boasting assets of £11,009,582, the firm generated £15,300,728 in revenue last year. With a real address and 11 directors, including Dunigan Robert Daniel, Johnson Stephen Dean, and Minskip David Leslie, the company operates under the guidance of a single owner, Dunigan Andrew James. A strong 4.0 Google rating from 26 reviews reflects customer satisfaction. The company regularly imports iron and steel (9 months), and occasionally exports iron or steel products (1 month).

The company's website highlights over 160 years of engineering excellence, serving a wide range of industries from nuclear and defence to transportation and power generation. Oldham Engineering offers a comprehensive suite of services, including machining, fabrication, CAD/CAM design, and complex assembly. They specialize in turnkey project management, providing in-house coded fabrication, CNC machining, and assembly testing. The website showcases their expertise in nuclear and defence sectors, emphasizing their ability to deliver high-quality equipment and documentation.

Financially, Oldham Engineering shows a mixed picture. While revenue increased by a substantial 83%, from £8.2 million to £15 million, the company’s equity decreased by 40%, dropping to £7.7 million. Bank borrowings increased significantly, by 100%, reaching £220,000, while cash reserves decreased by 20% to £1 million. Trade debtors also increased by 30%, suggesting potential challenges in collecting payments. Creditors, however, decreased by 10%, indicating improved debt management. The company’s large size (meeting two of three criteria for a large company) suggests a stable foundation, but the equity decline warrants further investigation. The company is audited by Sutton McGrath Hartley, a reputable firm.

Overall, Oldham Engineering Ltd appears to be a well-established player in the engineering sector, but the recent financial trends suggest that the company is facing some challenges. The company’s ability to maintain its strong reputation and continue its growth will depend on its ability to address these challenges.

Registered in England/Wales under the registration number 02808484, with a registered address at OL4 1LA, Oldham, Castle Iron Works, Overens Street.

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