Port Equipment Engineering Limited

Port Equipment Engineering Limited, based in Grimsby, UK, is a small, family-run business with an active status, celebrating 20 years since its founding in 2004. Employing 23 people, the company holds £395,631 in assets and operates from a real address on the South Humberside Industrial Estate. With three directors and two owners, it’s a tight-knit operation. The company regularly imports machinery, boilers, and mechanical appliances, parts—a consistent stream of imports spanning 73 months, with the latest in February 2025. It also exports vehicles, parts, and accessories, though this is less frequent, with just one month of export activity recorded back in November 2017.

The company’s website highlights its diverse engineering services, including inspection, testing, manufacture, and supply, catering to the port industry worldwide. It specializes in bespoke products like twistlocks, sheaves, and gears, emphasizing safety and peace of mind. The site also showcases its expertise in NDT, Solidworks, LOLER inspections, and even offers a new company brochure. It's clear they're aiming to be a one-stop shop for port engineering needs.

Financially, Port Equipment Engineering Limited is showing some interesting trends. Accrued liabilities have jumped significantly—a 670% increase to £4,900—while bank borrowings have more than tripled, reaching £74,000. Cash reserves, however, have only slightly increased to £3,400. On the plus side, net assets have improved by 19%, and total assets less current liabilities are up 19%. Creditors have decreased by 36%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in bank borrowings is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Port Equipment Engineering Limited seems to be navigating a period of change. While its core engineering services appear robust, the financial data suggests a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 05259312, with a registered address at DN31 2TB, United Kingdom, Grimsby, North East Lincolnshire, Plot 17 Estate Road Number 1, South Humberside Industrial Estate.

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