Park Engineering Limited

Park Engineering Limited, based in Stalybridge, UK, is a small holding company with an active status, celebrating 43 years in business. Employing 43 people and holding assets of £6,315,489, the company generated £5,859,582 in revenue last year. Despite its established presence, Park Engineering operates from a virtual address, with twenty other companies registered at the same location. Six directors and two owners guide the company, which currently holds a Google rating of 4.0 based on four reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import operation occurring in August 2024.

Park Engineering’s website showcases a broad range of engineering services, primarily targeting the defence and commercial sectors. They offer design, analysis, component manufacture, tooling, testing, and urgent support solutions. Their capabilities extend to specialized test equipment, tooling design and build, and even nuclear systems, with a dedicated 24/7 support team for aviation and defence clients. The website also highlights a commitment to quality, with mentions of ITAR compliance and Cyber Essential Plus accreditation. A significant portion of the website is dedicated to various industries they serve, including aerospace, nuclear transport, defence, space, scientific, and energy.

Financially, Park Engineering shows a mixed picture. While net assets increased slightly to £6,500,000, cash reserves dropped significantly by 32% to £8,200. Administrative expenses decreased by 28%, and turnover increased by a modest 1.1% to £5,900,000. Creditors increased by 17%, and trade debtors ballooned by 890%, suggesting potential issues with customer payments. The company meets the criteria for a small company, with turnover under £10.2 million and fewer than 50 employees. The lack of an auditor mentioned in the financial report suggests it’s exempt as a small company. The company’s reliance on a virtual address, coupled with the fluctuating financial trends, suggests a business navigating challenges while maintaining its established engineering capabilities.

Registered in England/Wales under the registration number 01614559, with a registered address at SK15 1QZ, Stalybridge, Cheshire, 185 Stamford House, Stamford Street.

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