Quickmach Engineering Limited

Quickmach Engineering Ltd from Gloucester, UK, is a large, active company established 24 years ago. With 63 employees and £4,020,368 in assets, the company generated £6,973,079 in revenue last year. It's a well-regarded business, boasting a 4.0 Google rating from six reviews, and operates from a real address at the Meteor Business Park. The company is led by three directors and has one owner, Michael Quinn.

Quickmach Engineering specialises in precision engineering, primarily for the aerospace industry. Its website showcases a comprehensive range of services, from manufacturing and assembly to surface treatments and in-house skills. They offer a “one-stop shop” for clients, producing intricate, precision-machined components efficiently and economically. The company also has a division focused on piano restoration and sales, operating from Cambridge and even featuring a showroom in Harrods.

Financially, Quickmach Engineering's recent performance presents a mixed picture. While turnover increased by 9.3% to £7 million, net assets declined significantly by 32% to £2.7 million. Bank borrowings increased by 10% to £420,000, and cash reserves fell by 7.1% to £720,000. Creditors, however, decreased by 67%, indicating improved debt management. The company meets two of the three criteria to be classified as a large company. The decline in equity could be attributed to increased investment in equipment or expansion of the piano restoration division. The company’s unaudited financial statements were reviewed by Hazlewoods LLP.

Overall, Quickmach Engineering appears to be a stable, well-established business navigating a changing economic landscape. The company’s diversified operations—from aerospace engineering to piano restoration—suggest a strategy of resilience and adaptability, but the drop in net assets warrants careful monitoring.

Registered in England/Wales under the registration number 04138140, with a registered address at GL2 9QL, Gloucester, Gloucestershire, Brabazon 1 Meteor Business Park, Cheltenham Road East Staverton.

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