Pegasus Industrial Services Limited

Pegasus Industrial Services Ltd from Kingswinford, UK, is a small holding company with an active status, having been founded 24 years ago in 2000. The company employs 15 people and holds £606,748 in assets. It has a real registered address, two directors, and three owners, and boasts a solid 4.0 Google rating based on seven reviews. The company regularly exports iron or steel products, with seven months of export activity recorded.

The company operates in the retail sale via mail order houses or via internet industries. Its website showcases a broad spectrum of industrial services, including general engineering, maintenance, and fabrication, catering to both local and national clients. It’s a full-service industrial workshop offering everything from machining and fabrication to laser cutting and product sourcing. They even offer a 24/7 emergency callout service for critical repairs. The site highlights a 25,000 sq. ft workshop and emphasizes its location in the Midlands, allowing for same-day service in the local area. They also offer a wide range of products, including bearings, belts, and fasteners.

Financially, Pegasus Industrial Services Ltd shows a mixed picture. Cash reserves increased by a substantial 68%, reaching £150,000, and current assets grew by 8.1% to £610,000. However, net assets have increased significantly by 530%, reaching £140,000, which is a positive sign. Bank borrowings remain relatively stable at £91,000. Creditors decreased by nearly 20%, which could indicate improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

Despite the positive trends in cash and assets, the sharp increase in net assets could be a result of retained earnings, which warrants further investigation. Overall, Pegasus Industrial Services Ltd appears to be financially stable, leveraging its established reputation and diverse service offerings to maintain a healthy bottom line.

Registered in England/Wales under the registration number 04032929, with a registered address at DY6 7TG, United Kingdom, Kingswinford, Unit 8, First Avenue, Pensnett Trading Estate.

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