Orbital Fabrications Limited

Orbital Fabrications Ltd, based in St Ives, UK, is a sizable company holding a prominent position in the industry. Established 37 years ago in 1988, it operates as a holding company with an active status and employs 80 people. The company boasts significant assets, totaling £8,319,786, and generates yearly revenue of £14,788,775. With six directors and a single owner, the company maintains a 5.0 Google rating based on five reviews, demonstrating a commitment to customer satisfaction.

The company’s core business revolves around the manufacture of metal structures and parts of structures, specializing in welding services for various industries, including hydrogen, semiconductor, and pharmaceutical sectors. Its website highlights expertise in orbital TIG welding, pipe spool fabrication, and system build, offering both in-house fabrication and site installation services. A key strength lies in its ability to provide custom-designed solutions, as evidenced by projects like a hydrogen chloride control system for a pharmaceutical manufacturer and a hydrogen test facility for the University of Bath.

Financially, Orbital Fabrications Ltd shows a mixed picture. Current assets increased by 19%, reaching £8,300,000, while net assets rose 50% to £7,500,000. Turnover increased by 8.6%, reaching £15,000,000. However, net losses deepened from -£200,000 to -£300,000, and cash reserves decreased by 10%, dropping to £3,500,000. Bank borrowings surged by 100%, reaching £0, and creditors decreased by 46%, suggesting better debt management. The company meets two of three criteria to be considered a large company, with turnover over £36 million and balance sheet total over £18 million. Thompson Taraz Rand Audit and Assurance Ltd performed the audit.

These trends could be attributed to increased operating expenses, as administrative expenses increased by 22%, or possibly to investments in new equipment or projects, which could be a good sign for future growth. The company’s size and established presence in the market, combined with its focus on specialized services, position it well for continued success, though careful management of expenses will be crucial.

Registered in England/Wales under the registration number 02223162, with a registered address at PE27 3WJ, St Ives, Cambs, Unit 1 Stephenson Road.

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