Penstocks (uk) Ltd

Penstocks (UK) Ltd, based in Hinckley, UK, is a small, active company established sixteen years ago in 2009. With six employees and £486,312 in assets, it operates as a family business with two directors and two owners. The company boasts a perfect 5.0 Google rating from one review, and is a regular importer of machinery, boilers, and mechanical appliances, with recent activity recorded in June 2024.

The company specializes in the design, manufacture, supply, install, and commission of penstocks, stop logs, handstops, and valves for water and wastewater applications. With over forty years of collective design experience, Penstocks (UK) Ltd offers engineered solutions for both standard and bespoke applications, manufacturing products in their Hinckley facility using high-quality EU materials. They’ve completed numerous projects both in the UK and overseas, committed to providing engineering and commercial solutions for the water and wastewater industry. Opening hours are Monday to Thursday, 9 am to 4:30 pm.

Financially, Penstocks (UK) Ltd shows a mixed picture. Current assets have increased by 44% to £490,000, while net assets have grown by 14% to £310,000. Cash bank on hand has seen a significant jump of 42% to £210,000, suggesting improved liquidity. However, creditors have also risen by 83%, reaching £240,000, which could indicate increased reliance on short-term financing. Trade debtors have also increased by 45%, potentially reflecting extended payment terms for customers. The company's small size—meeting two of three criteria for a small company—allows for agility, but the rise in creditors warrants closer monitoring. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Penstocks (UK) Ltd appears to be financially stable, with growing assets and improved cash reserves. However, the increase in creditors should be watched closely to ensure it doesn't become a burden.

Registered in England/Wales under the registration number 06806622, with a registered address at LE10 3BP, Hinckley, Leicestershire, Unit 6 Alan Bray Close.

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