P.j.engineering Products Limited

P.j.engineering Products Limited, based in Cramlington, UK, is a small, holding company with an active status, celebrating 40 years since its founding in 1985. The company employs 18 people and holds £2,719,775 in assets. It operates from a real address shared with three other companies, overseen by two directors and one owner. Google users rate it 5.0 stars based on a single review. The company is an irregular importer of plastics and plastic products, with just one month of import activity recorded as far back as April 2016.

The company’s core business involves the manufacture of other fabricated metal products, operating within the industrial sector. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 20 employees. The company is owned by Renown Group Ltd, and its directors are Hamilton John Desmond and Hamilton Katherine Carmichael.

Recent financial data reveals a mixed picture. While current assets increased by 39%, to £2,700,000, net assets jumped 47%, to £2,200,000. However, cash reserves took a significant hit, plummeting 88% to just £2,800. Bank borrowings surged by 51%, reaching £1,400,000, and trade debtors increased by 55%, to £2,700,000. Creditors decreased by 29%, to £200,000. The company's small size means it is exempt from a full audit, and the figures are unaudited. The company uses CCH Accounts Production 2024.210 software for its accounts. The tax expense for the period comprises deferred tax.

Despite the drop in cash reserves, the increase in net assets suggests the company is building equity. The rise in trade debtors could indicate a need to improve payment collection processes. Overall, P.j.engineering Products Limited appears to be a stable, if somewhat cash-strapped, operation navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 01886384, with a registered address at NE23 7RH, Cramlington, Northumberland, Renown Engineering Ltd, Northumberland Business Park West.

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