Rivers Engineering Company (winchester) Limited

Rivers Engineering Winchester Company Ltd, based in Winchester, UK, is a long-standing small business with an active status. Founded 73 years ago in 1951, the company employs 11 people and holds £514,892 in assets. With four directors and two owners, and a solid Google rating of 4.0 from three reviews, it’s a well-established local operation. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago.

The company operates in the machining industries, providing precision engineering services. While a website isn't available to analyze, the company’s history suggests a focus on traditional manufacturing techniques and custom solutions. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Rivers Engineering shows some concerning trends. Accumulated depreciation on property, plant, and equipment has decreased, which is good, but cash bank on hand has also dropped by 6.8% to £370,000. Bank borrowings have decreased, which is positive, but net current assets liabilities have increased significantly to -£54,000. Creditors have also risen by 8.9%, suggesting potential payment pressures. Despite these challenges, the company’s net assets remain at £320,000. The lack of an auditor mentioned (likely exempt due to its size) means the figures are unaudited.

Overall, Rivers Engineering is a resilient business with a long history, but the recent financial data indicates it’s facing some headwinds. Whether it can maintain its position in the machining industry will depend on its ability to manage its finances and adapt to changing market conditions.

Registered in England/Wales under the registration number 00500854, with a registered address at SO23 7RX, Winchester, Hants, Moorside Road, Winnall.

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