Powermech Services Limited

Powermech Services Limited, based in Wallington, UK, is a small, active company founded 26 years ago in 1998. With 14 employees and £478,608 in assets, it generates a yearly revenue of £1,279,793. The company operates from a virtual address, managed by two directors and one owner. It regularly imports machinery, boilers, and mechanical appliances, parts, with 10 months of import activity, and exports essential oils and perfumes, with 59 months of export activity.

The company's website reveals a much larger operation: Power Mech Projects, a leading infrastructure construction company based in Hyderabad, India. Established in 1999, Power Mech Projects boasts a global presence, providing services in power and infrastructure sectors. It offers a wide range of services, including industrial construction, industrial services, civil construction, electrical work, water management, mining, and overseas business. The website highlights the company’s 208 projects, 80 clients, and 40,000 manpower, showcasing its significant scale and reach.

Financially, Powermech Services Limited’s report shows some concerning trends. While turnover remained relatively stable, net assets plunged 62%, falling to £160,000. Bank borrowings increased by 7%, reaching £120,000, and cash reserves decreased by 45%, leaving only £52,000. Interest payable also rose dramatically, increasing by 130%. 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 sharp decline in equity raises questions about its long-term financial health. The report is unaudited, which is common for small companies.

The larger Power Mech Projects operation, meanwhile, seems to be thriving, with a strong focus on infrastructure and a global reach. It’s unclear how closely the two businesses are linked, but both share a commitment to quality and service.

Registered in England/Wales under the registration number 03549305, with a registered address at SM6 9AY, England, Wallington, 98 Stafford Road.

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