Powertec Vehicle Engineering Limited

Powertec Vehicle Engineering Ltd, based in Huddersfield, UK, is a small, family-run business with an active status. Founded 25 years ago, it employs eight people and holds £683,056 in assets. The company, with two directors and two owners, maintains a real address and boasts a Google rating of 4.0 based on 17 reviews. It’s a regular importer of vehicles, parts, and accessories – with three months of import activity recorded, the latest being October 5th, 2024.

The company’s website showcases a range of vehicle recovery bodies and skip loading equipment, catering to commercial and industrial clients. From lightweight transporters to heavy-duty skip loaders, Powertec designs and manufactures specialized equipment. The site also highlights a dedicated website, Solowapproach, focusing on low-approach slide bed recovery vehicles – a growing niche in the industry. It's clear the company is focused on providing bespoke solutions for the recovery and transportation sectors, with an emphasis on quality and competitive pricing.

Financially, Powertec Vehicle Engineering Ltd presents a mixed picture. While cash reserves increased by a healthy 64% to £440,000, net assets declined by 36% to £58,000. Bank borrowings decreased significantly by 47% to £31,000, suggesting improved debt management. However, creditors increased by 49% to £690,000 – a potential area for attention. 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 equity drop warrants further investigation. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

Overall, Powertec Vehicle Engineering Ltd appears to be a solid, albeit somewhat pressured, operation. Its focus on specialized equipment and strong customer reviews provides a foundation for continued success, but careful monitoring of creditor levels will be important going forward.

Registered in England/Wales under the registration number 03783647, with a registered address at HD7 5QB, England, Huddersfield, Bath Works Spa Lane, Linthwaite.

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