Px Manufacturing Ltd

Px Manufacturing Ltd from Cambridgeshire UK: large company, active status, founded 30 years ago, 41 employees, £18,706,683 assets, yearly revenue: £49,845,223, real address, 3 directors, 2 owners, family business, google rating 3.0 based on 4 reviews. Regular importer of electrical machinery and equipment (134 months imported). It's a sizable operation, meeting two of the three criteria for a large company: turnover exceeding £36 million and balance sheet total surpassing £18 million, plus having more than 250 employees. The company has been active for three decades, established in 1994, and currently employs 41 people. Its assets are valued at £18.7 million, and it generates annual revenue of nearly £50 million.

Px Manufacturing Ltd appears to be a family-run business specializing in the manufacture of electricity distribution and control apparatus, electronic wires and cables, and non-specialized wholesale trade. The company’s website is not available, so it’s impossible to determine if it operates an e-commerce site.

Financially, Px Manufacturing Ltd shows some concerning trends. Current assets have decreased by 30%, dropping to £19 million, while net assets have fallen by 14%, reaching £15 million. Bank borrowings have significantly reduced by 49%, to £2.7 million, and cash reserves remain steady at £1.4 million. However, trade debtors have fallen by 35%, which could indicate issues with customer payments. The company’s directors, Rafal Tetnowski, Elzbieta Tetnowska, and Pawel Tetnowski, are responsible for the company’s financial performance. The auditor, Hamilton Coopers, has reported that the financial statements give a true and fair view.

Despite the concerning trends, Px Manufacturing Ltd remains a large, established player in its sector. The reduction in debt is a positive sign, but the decline in current assets warrants closer monitoring. The company's long history and family ownership suggest a resilient business model, but future performance will depend on its ability to manage its working capital and maintain customer relationships.

Registered in England/Wales under the registration number 02980841, with a registered address at PE15 0AZ, Cambridgeshire, 40 Thorby Avenue, March.

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