Peden Power Limited

Peden Power Ltd, based in Co. Londonderry, UK, is a small, active company established 23 years ago. With 25 employees and £4,885,787 in assets, it’s a well-established player in the region. The company, founded by a solo entrepreneur, now has four directors and one owner, Robert Peden, who also serves as a director. It holds a stellar 5.0 Google rating based on 38 reviews. Peden Power regularly imports machinery, boilers, and mechanical appliances, with a consistent 138-month import history, the most recent in December 2024. The company operates within the wholesale of other machinery and equipment industries.

The company’s website showcases a wide range of construction and power equipment, from hand-held power cutters and plate compactors to generators and welders. It’s primarily an e-commerce platform, with categories clearly laid out and product listings detailed. There's no obvious indication of a physical showroom or retail space, suggesting a focus on online sales and distribution. The site also features a section for spare parts, catering to maintenance and repair needs.

Financially, Peden Power Ltd shows a generally positive trend. Cash bank on hand increased by 26% to £1.3 million, while current assets remained stable at around £4.9 million. However, creditors decreased by 29%, which could indicate improved debt management, or potentially a slowdown in business. Bank borrowings were reduced by 21%, and net assets grew by 7.7% to £4.1 million. Trade debtors decreased by 12%, suggesting quicker payment cycles. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the decrease in creditors is something to keep an eye on. There is no auditor mentioned, which is common for companies of this size.

Overall, Peden Power Ltd appears to be a financially healthy and well-regarded company, with a strong online presence and a consistent track record of importing and distributing power equipment. The business seems to be doing well, but it's important to monitor the decrease in creditors to ensure it doesn't impact future operations.

Registered in Northern Ireland under the registration number NI040988, with a registered address at BT45 5EY, Co.Londonderry, 11 Station Road Industrial Estate, Magherafelt.

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