Regal Precision Engineers (colne) Limited

Regal Precision Engineers Colne Ltd, based in Colne, Lancashire, UK, is a small, active company with a solid 38-year history. Employing 37 people and holding assets of £2,134,488, the business operates from a real address and is overseen by three directors and two owners. While a regular exporter of iron or steel products for 20 months, the company’s import activity is irregular, with no imports recorded since January 01, 2020.

The company's website highlights its precision engineering services, specializing in machining and manufacturing components for various industries, including aerospace and commercial sectors. It boasts advanced machinery and a skilled workforce, offering services from prototyping to full-scale production. The website also showcases a division dedicated to piano restoration, operating from Cambridge and even featuring a showroom in Harrods. This division focuses on museum-grade restorations and disaster recovery for damaged instruments.

Financially, Regal Precision Engineers shows a mixed picture. While current assets increased by 25% to £2,100,000, net assets also rose by 20% to £1,400,000. However, bank borrowings jumped a significant 50% to £79,000, and cash reserves fell 68% to £27,000. Trade debtors increased by 10%, which could indicate a need to manage customer payments more effectively. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in borrowings suggests a need for careful financial management. No auditor is mentioned, likely due to the company's small size and exemption from an audit. The increase in bank borrowings may be related to investments in new machinery or expansion of the piano restoration division.

Registered in England/Wales under the registration number 02098380, with a registered address at BB8 0EL, Colne, Lancashire, Walton Street Works, Walton Street.

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