Parmac Engineering Services Limited

Parmac Engineering Services Ltd, based in East Yorkshire, UK, is a small, family-run business with an active status. Founded 23 years ago, it employs 10 people and holds £295,954 in assets. The company, with three directors and three owners, operates a real address and maintains a 5.0 Google rating from 17 reviews—a testament to its customer service. It’s an irregular importer of iron or steel products, with the last import operation occurring in August 2024.

The company’s website showcases a precision engineering workshop with over 30 years of experience. Started in the late 70s, it has evolved from a small machine tool dealer into a full-service workshop specializing in rotary valve manufacturing, repairs, and production machinery rebuilds. It caters to a wide range of industries, including blue-chip companies, and offers bespoke machinery design and manufacture. The website highlights its commitment to industry-leading precision engineering services, rapid response times, and experienced staff.

Financially, Parmac Engineering Services Ltd presents a mixed picture. While average number of employees increased by 20% to 12, cash reserves grew by 21% to £140,000. However, corporation tax payable jumped significantly by 630% to £7,900, and trade debtors decreased by 15% to £150,000. Creditors also decreased by 30% to £81,000. 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 agility, but the increase in tax payable and decrease in debtors suggests potential cash flow challenges. The financial statements are unaudited, as is common for small companies. It seems like the company is doing alright, but needs to keep a close eye on its finances.

Registered in England/Wales under the registration number 04346952, with a registered address at HU2 0AB, East Yorkshire, Cannon Street, Hull.

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