Petersen Engineering Limited

Petersen Engineering Limited is a small, active family business based in Cullompton, UK, founded eight years ago in 2017. With seventeen employees and £302,523 in assets, the company operates from a virtual address—twenty-nine companies registered at the same location—and is overseen by five directors and two owners. The company’s core business involves the manufacture of motor vehicles, but it also engages in irregular imports of art and antiques (two months of activity, last in January 2024) and regular exports of vehicles, parts, and accessories (three months of activity, last in December 2024).

The company's website showcases a highly specialized operation focused on classic Bentley restoration. It’s not a standard e-commerce site; instead, it functions as a portfolio and contact point for bespoke vehicle projects. The site highlights various Bentley models—Blower, Boat Tail, Speed Six—and emphasizes custom builds and restorations, often to museum-grade standards. It’s clear that Petersen Engineering Limited doesn't typically offer cars for resale, preferring to work on a commission basis, with customers specifying their own designs and ideas. The website also includes a news and events section, with mentions of appearances at prestigious events like Goodwood Track Day.

Financially, Petersen Engineering Limited shows a mixed picture. Current assets have decreased by 15% to £300,000, while net assets have fallen 10% to £98,000. Cash reserves have taken a significant hit, dropping 93% to just £1,500. Trade debtors have plummeted 71%, which could indicate improved collection rates or a shift in payment terms. On the other hand, bank borrowings have increased, suggesting the company may be relying on credit to fund operations. 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 flexibility, but the decline in cash and increase in borrowing raise questions about its short-term financial health. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Petersen Engineering Limited appears to be a niche specialist navigating a challenging economic climate. While its expertise in classic Bentley restoration is highly valued, it will need to carefully manage its finances to ensure its long-term sustainability.

Registered in England/Wales under the registration number 10734096, with a registered address at EX15 1AE, United Kingdom, Cullompton, Charlton House, 32 High Street.

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