Praeter Engineering Limited

Praeter Engineering Ltd, based in Andover, UK, is a small, active company founded ten years ago in 2014. Employing seventeen people and holding £2,106,570 in assets, it operates from a virtual address – a detail highlighted by the fact 123 companies are registered at the same location. The company is led by three directors and two owners, and maintains a solid 4.0 Google rating based on one review. Praeter Engineering specializes in the construction of civil engineering projects, acting as a regular importer of iron or steel products, with the last import operation occurring in October 2023.

The company’s website showcases a range of specialist engineering solutions for the construction industry. It's not an e-commerce site; instead, it details services like structural design, post-tensioning, temporary works design, heavy lifting, and load testing. Praeter Engineering also highlights award-winning projects, including innovative use of post-tensioning in Canary Wharf, demonstrating its expertise and pushing boundaries in the industry. The website also includes a section on in-house engineering services, offering complete post-tensioning packages from design to installation.

Financially, Praeter Engineering shows a mixed picture. Cash bank on hand increased significantly by 34% to £1.3 million, while current assets rose by 27% to £2.1 million. However, creditors surged by 110% to £410,000, and trade debtors increased by 23% to £810,000 – suggesting a potential strain on cash flow. Bank borrowings also increased by 17% to £4,200. The company's small size (meeting two of three criteria for a small company) allows for agility, but the rise in liabilities needs monitoring. The company is exempt from an audit, so the figures are unaudited. The increase in liabilities could be due to increased business activity, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 09159156, with a registered address at SP10 2AA, United Kingdom, Andover, Hampshire, Suite 2 Healey House, Dene Road.

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