Power Testing Limited

Power Testing Limited, based in Chelmsford, UK, is a small, active company with a long history, having been founded 55 years ago in 1969. Employing 50 people, it holds £3,697,408 in assets and operates from a real address on Hanbury Road. With two directors and a single owner, the company enjoys a stellar 5.0-star Google rating based on seven reviews. It’s a regular importer, specializing in optical and medical tools and devices, with the latest import activity recorded six months ago.

The company’s website highlights its commitment to providing “the best electrical solutions” and focuses on services like HV/LV electrical engineering, maintenance, and emergency services. It’s clear that Power Testing Limited serves a range of clients, including global organizations and utilities. The site also features a recruitment section, accreditations, and a news section, suggesting an active and growing business.

Financially, Power Testing Limited shows a mixed picture. Current assets decreased by 3.9% to £3,700,000, while net assets increased by 53% to £1,400,000. Bank borrowings were reduced by 39% to £800,000, and cash reserves increased by 31% to £780,000. Creditors decreased by 10% to £2,600,000, which is good. However, the company’s average number of employees decreased slightly by 2%, indicating a possible shift in operational strategy. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Power Testing Limited appears to be financially stable, but the decrease in employees is something to keep an eye on. The company’s long-standing reputation and commitment to quality suggest it’s well-positioned for continued success, though the financial numbers need to be monitored closely.

Registered in England/Wales under the registration number 00956853, with a registered address at CM1 3AE, Chelmsford, Essex, 33 Hanbury Road Widford Industrial Estate.

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