Power Torque Engineering Limited

Power Torque Engineering Ltd, hailing from Coventry, UK, is a well-established company with a rich history spanning 98 years. This large company, currently active, employs 39 people and boasts assets of £7,661,214, generating a yearly revenue of £10,576,214. With six directors and a real address, the company operates without officially declared owners. It holds a stellar Google rating of 5.0 based on six reviews. Power Torque Engineering is a regular importer and exporter of machinery, boilers, and mechanical appliances, parts, with 345 months of import activity and 412 months of export activity.

The company’s website paints a picture of a business specializing in the manufacture of engines and turbines, excluding aircraft, vehicle, and cycle engines. It appears to be a B2B operation rather than an e-commerce site, focusing on supplying parts and offering engineering services. There's no online store or direct sales functionality visible.

Financially, Power Torque Engineering Ltd presents a mixed bag. While turnover has increased by a respectable 13%, profits have decreased significantly, dropping 61% to just £36,000. Current assets have fallen by 3.9% to £7,700,000, while cash bank on hand has increased by 18% to £3,300,000. However, trade debtors have decreased by a substantial 43%, which could indicate difficulties in collecting payments. Bank borrowings have also increased, suggesting a need for external financing. The company's net assets have remained stable at £7,000,000. The company is meeting two of three criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, employees more than 250. The company’s auditor is Dafferns LLP.

The decrease in profits, despite increased turnover, suggests rising costs or pricing pressures. The increase in bank borrowings could be a response to these pressures, or perhaps an investment in future growth. The decrease in trade debtors is concerning, and the company should focus on improving its collection processes. The company’s long history and established reputation are strengths, but it needs to address these financial challenges to ensure its long-term success.

Registered in England/Wales under the registration number 00217422, with a registered address at CV3 2RQ, Coventry, West Midlands, 27 Herald Way, Binley Industrial Estate.

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