Premier Welding Services Limited

Premier Welding Services Limited, based in Sheffield, UK, is a small, family-run business with an active status. Founded 23 years ago in 2001, the company employs nine people and holds £1,226,622 in assets. It operates from a real address on the Atlas North Industrial Estate and is managed by three directors, with two owners. The company’s Google rating is a perfect 5.0 based on twelve reviews, and it runs an e-commerce site. Premier Welding Services regularly imports electrical machinery and equipment, with 63 months of import activity recorded.

The company’s website showcases a wide range of welding equipment, supplies, and machines, catering to both professional welders and hobbyists. It offers everything from MIG, TIG, and ARC welders to torches, consumables, and safety gear. The site is well-organized, with clear product categories and detailed specifications. It even features a blog with industry news and tips. Premier Welding Services also provides services like servicing, repair, and PAT testing for welding equipment.

Financially, Premier Welding Services Limited’s recent report reveals a mixed picture. Current assets decreased by 23%, falling to £1,200,000, while net assets plummeted 88%, settling at just £32,000. Bank borrowings increased by 15%, reaching £57,000, and cash reserves declined by 26%, down to £240,000. Creditors also decreased by 11%, to £1,100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the sharp equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite these challenges, Premier Welding Services Limited appears to be a well-regarded supplier in the welding industry, with a strong online presence and positive customer feedback. The company’s focus on quality products, expert services, and competitive pricing positions it for continued success, though careful management of its finances will be crucial.

Registered in England/Wales under the registration number 04259463, with a registered address at S4 7QQ, Sheffield, South Yorkshire, 8 Atlas Way, Atlas North Industrial Estate.

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