Procut Engineering Limited

Procut Engineering Ltd from Dinnington Sheffield UK: a small holding company with an active status, was founded 23 years ago in 2001. With nine employees and £167,865 in assets, it operates from a real address and is overseen by two directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last six months.

The company’s core business revolves around precision CNC work and general engineering, serving a range of industries. Its website highlights a focus on tailor-made precision CNC work, carbide and PCD tipped drills for mining and civil engineering, and even the manufacture of the world-renowned H11 pneumatic jigger pick. Procut Engineering also provides a specialised parts manufacturing service. The website shows a clear emphasis on quality, precision, and customer service.

Financially, Procut Engineering Ltd's numbers indicate a mixed picture. Current assets decreased by 27% to £170,000, while net assets remained steady at £120,000. Bank borrowings decreased by 45%, reaching £55,000. Creditors decreased by 38%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is likely due to its small size.

The decline in current assets and increase in trade debtors might indicate challenges in managing cash flow, but the decrease in creditors suggests a focus on controlling expenses. The company's continued operation and investment in machinery, as described on the website, show a commitment to its core business, even if financial pressures are evident.

Registered in England/Wales under the registration number 04271033, with a registered address at S25 4JL, Dinnington Sheffield, Yorkshire, Unit 2 Abbey Way, North Anston Trading Estate.

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