Powerx Equipment Ltd

Powerx Equipment Ltd, a medium-sized holding company based in Coventry, UK, has been active for nineteen years. Employing thirty-seven people, the company holds £17,703,566 in assets and generates £19,063,869 in revenue annually. With four directors and a single owner, and a perfect 5.0 Google rating from five reviews, Powerx Equipment operates from a real address and regularly imports and exports machinery, boilers, and mechanical appliances. The company's auditor is Thornton Springer LLP.

The company specializes in aggregate and mineral processing, offering a comprehensive range of equipment, from washing and crushing to screening and water management. Its website showcases a custom wash plant at Linhay Hill Quarry and highlights its commitment to recycling technology. Powerx Equipment also provides genuine parts for a range of brands, including Powerscreen, Terex, and AMP. The company’s website details its services and equipment, and even has a news section with updates on used equipment catalogues and engineer qualifications.

Financially, Powerx Equipment Ltd presents a mixed picture. While turnover remained relatively stable, the company’s net assets decreased by 17%, falling to £15,000,000. Bank borrowings increased by 30%, reaching £1,000,000, and cash reserves declined by 60%, leaving just £100,000. Creditors, however, decreased by 10%, indicating improved debt management. The company’s size – meeting two of three criteria for a medium-sized company – allows for flexibility, but the decrease in equity could signal increased financial pressure. The company's deferred tax credit increased significantly, which could be a one-off event. Overall, Powerx Equipment Ltd appears to be navigating a challenging economic climate, relying on its established reputation and diverse equipment offerings to maintain its position in the market.

Registered in England/Wales under the registration number 05436235, with a registered address at CV7 7LG, England, Coventry, Site 7 Cornets End Lane, Meriden.

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