Pace Manufacturing Ltd

Pace Manufacturing Ltd is a small, active company based in Cheltenham, UK, founded four years ago. With three employees and £1,355,209 in assets, it operates from a real address and is overseen by two directors and two owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 46 months of import activity and 38 months of export activity recorded.

The company's website reveals a fascinating dual operation. While Pace Manufacturing Ltd focuses on machining and manufacturing services in Red Deer, Alberta, it also runs a thriving piano restoration business, 1066 Pianos, with a showroom in Harrods, London. The website highlights expertise in high-end piano restoration, self-play system integrations, and disaster recovery—a far cry from the industrial focus of the manufacturing arm.

Financially, Pace Manufacturing Ltd presents a mixed picture. Cash bank holdings decreased by 7.2% to £560,000, while creditors increased by 5% to £680,000. However, net assets saw a significant boost, rising 85% to £520,000, and current assets increased by 49% to £1,400,000. Trade debtors also increased substantially, rising 110% to £450,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to manage debt effectively. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

The rise in both assets and debts could indicate expansion, but it's also possible that the company is investing heavily in its operations. The dual nature of the business—combining industrial machining with high-end piano restoration—suggests a diversification strategy, but whether it can sustain both ventures remains to be seen.

Registered in England/Wales under the registration number 12926271, with a registered address at GL51 6SX, England, Cheltenham, Gloucestershire, Unit 17b Unit 17b, Bamfurlong Industrial Park.

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