Process Machinery Limited

Process Machinery Limited, based in Hitchin, UK, is a small, family-run business with an active status. Established 46 years ago in 1978, the company employs just two people and holds assets valued at £1,694,794. With three directors and two owners, it’s a tightly knit operation with a real registered address. The company regularly imports electrical machinery and equipment (51 months of import activity, last in February 2025) and exports machinery, boilers, and mechanical appliances (10 months of export activity, also last in February 2025). It operates in the manufacture of other general-purpose machinery.

The company’s website, while not fully detailed, reveals a focus on industrial equipment supply. It’s a private limited company registered in England/Wales, and its accounts are abridged and unaudited, a common practice for small entities. The company has taken exemption from publishing its own profit and loss account.

Financially, Process Machinery Limited shows a mixed picture. Cash bank on hand increased by 13% to £1,600,000, while current assets grew by 7.7% to £1,700,000. However, debtors dropped significantly by 50% to £65,000, which could indicate challenges in collecting payments. Equity increased by 6.8% to £1,600,000, and net assets liabilities grew by 6.8% to £1,600,000. Creditors increased slightly by 9.5% to £230,000. 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. The accounts, prepared in accordance with Financial Reporting Standard 102, show that the company is still doing well.

The decrease in debtors could be a temporary setback, perhaps linked to broader economic conditions or changes in customer payment patterns. The increase in cash reserves is a positive sign, suggesting the company is managing its finances effectively. The directors, Bernard Thompson and Daphne Janette Thompson, acknowledge their responsibilities under the Companies Act.

Registered in England/Wales under the registration number 01395839, with a registered address at SG4 0TY, England, Hitchin, Hertfordshire, 30 Knowl Piece, Wilbury Way.

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