Principal Cooling Ltd

Principal Cooling Ltd, based in Dungannon, UK, is a medium-sized company with an active status, celebrating 21 years since its founding. Employing 60 people, it holds £3,106,015 in assets and generates a yearly revenue of £13,180,789. The company, led by three directors and owned by Robinson David Alan, boasts a perfect 5.0 Google rating from seven reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – its last import operation was made two months ago in September 2023.

Principal Cooling Ltd specializes in the installation of industrial machinery and equipment, as well as engineering design activities for industrial processes. The company’s website is non-existent, suggesting a business that relies on direct sales and word-of-mouth rather than an online presence.

Financially, the company’s numbers paint a mixed picture. While turnover remained stable, net assets decreased by 20%, dropping to £1,600,000. Cash reserves took a significant hit, falling 34% to £340,000. Bank borrowings increased by 2.5% to £10,000, and staff costs decreased by 9.6% to £2,000,000. Creditors, however, decreased by 4.6% to £1,700,000, indicating improved debt management. The company’s size—meeting two of three conditions to be classified as a medium company—allows for flexibility, but the decline in equity warrants closer attention. The absence of an auditor, likely due to its size, means the figures are unaudited.

Overall, Principal Cooling Ltd appears to be navigating a period of change. While its core business remains active, the financial trends suggest potential challenges ahead. The company’s reliance on its reputation and established relationships will be key to its continued success.

Registered in Northern Ireland under the registration number NI047067, with a registered address at BT71 7PG, United Kingdom, Dungannon, Co Tyrone, Cottagequin Wood, 92b Old Eglish Road.

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