Pennine Instrument Services Limited

Pennine Instrument Services Ltd from Sheffield UK is a small, holding company with an active status, having been founded 45 years ago in 1979. The company employs 13 people and holds assets valued at £920,522. It’s managed by a single director and owner, and boasts a stellar 5.0 Google rating from 11 reviews. They’re an irregular importer of electrical machinery and equipment, with the latest import activity recorded two months ago.

The company operates in the technical testing and analysis industries. They also own a company called Track Maintenance Supplies Ltd. Their registered address is real, with only one other company registered at the same location.

Financially, Pennine Instrument Services Ltd shows some interesting trends. While net assets decreased slightly by 2.7% to £820,000, current assets increased by 20% to £920,000. Bank borrowings decreased by 2% to £390,000, and cash reserves plummeted 77% to £26,000. Trade creditors increased significantly by 140% to £330,000, and trade debtors increased by 39% to £850,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decrease in cash reserves is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s financial data also reveals that the average number of employees increased by 46% to 19. It’s likely that this increase in staff is helping the company to grow, but it could also be putting a strain on its finances. The company’s property, plant, and equipment increased by 5.3%, which could be a sign of investment in new equipment.

Registered in England/Wales under the registration number 01452244, with a registered address at S9 1XT, England, Sheffield, Unit 3, Shepcote Enterprise Park2,, 3 Europa Drive.

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